jennifercoto616
jennifercoto616 jennifercoto616
  • 17-06-2020
  • Social Studies
contestada

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

Respuesta :

amirahgilani
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
Answer Link

Otras preguntas

What is the average (arithmetic mean) of all the multiples of ten from 10 to 190 inclusive?
Which statement about cartilage and bone is correct? a. An endoskeleton made of bone rather than cartilage allows animals to grow larger and heavier. b. Cartila
Need to simplify the equation
How has the Suez Canal been a catalyst for nationalism in Egypt?
A child’s toy rake is held so that its output arm is 0.75 meters. If the mechanical advantage is 0.33, what is the input arm length?
what powers Earth's rock cycle
Do you agree with the view that there was ‘genuine achievement’ by the British army at the Third Battle of Ypres (Passchendaele) (Source 6, line 32)?
Using the numbers 2,3,5,8 to make an equation to  equal 104
What is the mass of a pure platinum disk with a volume of 113 cm3? The density of platinum is 21.4 g/cm3. Give your answer in grams and kilograms.
How do you find a genotype and a phenotype.