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monitta
3 years ago
15

In what ways do people cope with the problem of scarcity (5 sentence)​

Business
1 answer:
lianna [129]3 years ago
7 0

There are three ways to cope up with the problem  of scarcity:

a. Economic growth.

b. Improvement of use  of available resources.

c. Reduction of wants.

Explanation: Economic growth mean the ability if an economy to produces products and services. Using the products wisely can improve the usage and  helps in saving the resources. Society can improve the use their existing or available resources in order to reduce the scarcity by: Efficiency in productivity, efficient allocation of resources, full employment  with minimum wastage and equity.



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Explained below.

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