Shortage and scarcity mean the same thing.
True
False
2 answers:
Scarcity vs Shortage
• Though similar in meaning, shortage and scarcity are used in different contexts.
• Shortage is manmade and can be removed mainly through a price hike or importing the commodity from a foreign country.
• Scarcity is natural and always exists like natural resources that are depleting day by day.
The answer is false
Scarcity does not mean the same thing a shortage so the answer to this question is false.
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