What does the concept of scarcity explain? Check all that apply.

Social Studies

2 answers:

Finger [1]3 years ago

6 0

Answer:

option C D F

Explanation:

On Edg

Andreas93 [3]3 years ago

3 0

Scarcity covers the concept of the gap between limited resources and theoretically limitless wants. This requires a new adaptation of the allocation of resources in an efficient way to satisfy basic needs and extra wants demanded. In other words, it refers to limitation in a situation with unlimited human wants causing a problem because we live in a world with limit resources. So the correct answers are C, D and F.

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