jennifercoto616 jennifercoto616

17-06-2020
Social Studies

contestada

What does the term scarcity mean as it relates to economics?

Respuesta :

amirahgilani amirahgilani

17-06-2020

Scarcity means that there are not enough resources to satisfy the wants and desires of people. That is the basic economic problem:
Scarce resources and limitless wants

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