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Leno4ka [110]
4 years ago
11

How is scarcity different from shortages?

History
1 answer:
Alex73 [517]4 years ago
4 0

scarcity is a naturally occuring limitation on a resource that can't be replenished and shortage is when the amount demanded is greater than the amount supplied. Scarcity would be like diamonds and a shortage would be like out of stock light bulbs

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