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3 years ago

Is Air a scarce resource ?

2 answers:

8 0

The BASIC ECONOMIC PROBLEM arises because resources are scarce, but human wants are unlimited. Any resources that are not scarce are called FREE GOODS. The air that we breathe seems without limit and so is considered to be a free good. However, with increasing pollution in the world, fresh, clean air may bescarce.

Katyanochek1 [597]3 years ago

7 0

No it is not.

To be categorized as 'scarce' a resource must be really hard to get and not all people could get it.

air exist in abundant amount and it's also free. So air definitely not a scarce resources.

hope this helps

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Fittoniya [83]

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