What is an example of scarcity in economics?
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Understanding Scarcity. Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. read more
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Examples of Scarcity By YourDictionary Scarcity is fewer resources than are needed to fill human wants and needs. These resources can be resources that come from the land, labor resources or capital resources. Scarcity is considered a basic economic problem. read more
Source: examples.yourdictionary.com
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