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NISA [10]
3 years ago
6

What term is used to describe the difference between limited resources and wants and needs

Social Studies
1 answer:
ratelena [41]3 years ago
5 0
I would distinguish here between positive and negative difference.

If more resources are available than the needs and wants, I would call it "abundance".

Else, if there are less resources than needs and wants, the situation can be described as "scarcity"
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