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Dafna11 [192]
3 years ago
5

When economists speak of scarcity, they are referring to the condition in which society is not employing all its resources in an

efficient way. condition in which people's wants outstrip the limited resources available to satisfy those wants. economic condition that exists in only very poor countries of the world?
Business
1 answer:
Elden [556K]3 years ago
7 0
Employing all its resources in an efficient way. condition
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