Scarcity is the condition of not having enough goods and services to satisfy everyone's _____ .

Social Studies

2 answers:

andrew11 [14]3 years ago

6 0

Answer: The answer is wants.

Scarcity is the condition of not having enough goods and services to satisfy everyone's wants.

Explanation:

Scarcity refers to limitless or limited resources to satisfy human wants. It is a fundamental economic problem because the available resources are not enough to satisfy human wants. Scarcity makes people, individuals or humans to take decisions on how to efficiently allocate resources so that their basic needs can be satisfied.

Pavlova-9 [17]3 years ago

4 0

Answer: The correct answer is -Wants.

Explanation: Scarcity can be understood as a lack of resources that prevents people form satisfying their needs and wants.

- It is a gap between resources and wants.

When people have limited resources their needs and wants are difficult to fulfill, thus the condition of scarcity occurs.

A possible solution for scarcity may be acquiring more resources or limiting the needs and wants.

You might be interested in

Which is an example of a labor law?

Wittaler [7]

I believe it’s restriction of underage world to 20 hours per week

8 0

4 years ago

Write a letter to the water supply or Corporation requesting them to check the water supply in Case

alexandr1967 [171]

Hey buddy here’s your answer

I would hereby, most humbly, bring to your notice that the we are not getting any water supply for last 2 days. It is getting very difficult to carry out day to day activities. Supply in our neighbouring houses is as usual, it looks like an issue with our house only.
Hope it helps :)

3 0

3 years ago

who played the most important role in exploring america christopher columbus ,queen isabella ,amergio vespucci

vekshin1

Probably Christopher Columbus.

6 0

3 years ago

If an individual does not develop at the same rate as their peers, they may be developing abnormally

bija089 [108]

"abnormal" means "not normal" - so it can mean "not standard" -therefore if someone is developing at a different rate than most of the people you could say that they are not developing in a standard way - so you could say that they are developing abnormally. The sentence is correct, although it might not be the best word to use.

5 0

3 years ago

According to madison the main problem with government is

Tpy6a [65]

ᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟ

<span>ᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟ</span>

8 0

3 years ago