The impact of scarcity on economic decision making is that it can limit the choices of the consumer in the economy.
when products and resources become less available then there would be scarcity which will affect the decision of the consumer.
<h3>How does the scarcity of resources affect the decision making of the consumers?</h3>
Scarcity as a key concepts of economics can affect the choice of the consumer because it will limit their choices in making decision.
Therefore this will make them to make their choice out of the limited resources to meet their basic needs.
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Answer:
I would only select that "it wants to ensure that all people can afford food", at least that's what they based such an order on. This is very common in countries like Venezuela, but when this is not done properly, it leads to a shortage as it has happened actually
Explanation:
Answer: Bureaucratic organization can be found in both public and private institutions.
Explanation:
The statement that does not describe the role of the colonies in the mercantile system is that the colonies manufactured their own goods and sent them to the parent country to be sold for profit.
