The concept of ________ explains that making one choice means an individual will not have the time, resources, or energy to do s

Question

PIT_PIT [208]

2 years ago

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The concept of ________ explains that making one choice means an individual will not have the time, resources, or energy to do s

omething else.

Social Studies

1 answer:

Romashka-Z-Leto [24] · Answer 1 · 2022-07-05T04:49:26+03:00

Answer:

the answer is SCARCITY.

Explanation:

The concept of scarcity, simply put, means that there are not enough resources available to satisfy everyone's wants.

It refers to the gap between limited resources and limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.