3 years ago

How does scarcity affect the economic decision of a society

Social Studies

2 answers:

Setler [38]3 years ago

7 0

It influences society to prioritize its needs and wants and make decisions about how to use resources.

Naya [18.7K]3 years ago

3 0

Say their is a scarcity of Jordan shoes then they become high priced because of the scarcity of the product. So scarcity effects most of the economic decisions because of how less of something their is.

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