The correct answer is scarcity.
Scarcity refers to when certain goods or resources are not able to be produced in a quantity that is sufficient enough to meet people's demands.For instance, let's assume that every summer, a certain state's markets sell mangoes that are high in demand by customers. However, one year, most mango trees are unable to yield mangoes due to unfavorable weather. Due to this only very few mangoes are sold to customers and there are not enough to meet customers' demands. This means that there is a scarcity of mangoes.
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Answer:
Yuri Gagarin was the person to go on space.
The real-nominal principle suggest that the demand for money should increase as prices increase.
There are five fundamental standards of economics that specify the way our global handles money and decides which investments are worthwhile and which ones are not: possibility price, marginal precept, regulation of diminishing returns, principle of voluntary returns and real/nominal principle.
A basic guiding principle of macroeconomics and monetary economics is the difference among nominal variables and real variables. Nominal variables are expressed in modern-day market expenses. real variables are adjusted to reflect the changing purchasing strength of cash over time.
The definition of nominal is something that has nearly no price or some thing that exists in call only. An instance of nominal is while someone in a court docket case is minimal damages of best $1 because he turned into wronged however did not sincerely go through any damage. adjective.
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