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prisoha [69]
2 years ago
7

Scarcity exists when there are _______ resources available to satisfy all the competing uses.

Business
1 answer:
tamaranim1 [39]2 years ago
6 0

Scarcity exists when there are limited resources available to satisfy all the competing uses.

<h3>What is scarcity?</h3>

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity.  For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

Learn more about scarcity here:

brainly.com/question/13186252

#SPJ1

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