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yan [13]
3 years ago
13

Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?​

Business
2 answers:
STatiana [176]3 years ago
7 0

Answer:

Absolute scarcity: First, it may be that there are simply insufficient quantities of a resource to meet human needs or wants. ... Relative scarcity: Second, there may be physical quantities of a resource present but scarcity exists because of problems about supply or distribution.Jan 19, 2012

Explanation:

olganol [36]3 years ago
6 0
Absolute scarcity: First, it may be that there are simply insufficient quantities of a resource to meet human needs or wants. ... Relative scarcity: Second, there may be physical quantities of a resource present but scarcity exists because of problems about supply or distribution
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Learn more about equilibrium on brainly.com/question/517289

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