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Why is there any type of scarcity on earth?

Best Answers

Scarcity is a universal phenomenon! Let me show you what scarcity means: * You own this cheap car, drive it happily for 2 years… * ….you get bored with it...U feel it's small and old….Now u dream to buy this car! read more

Some things are difficult to find. There is a lot of silver, but a great deal of work is needed to find it. Most silver is buried deep in the Earth’s crust. So it’s scarce. Some things are difficult to make. There is a lot of aluminum and plastic, but it requires enormous effort to design and build a jet airliner. So it’s scarce. read more

There are millions of people all over the world who don’t have access to water, or, if they have access, that water is unable to be used. About 70% of the Earth’s surface is covered with water and 3% of it is actually freshwater that is fit for human consumption. read more