Scarcity refers to the condition of insufficiency where the human beings are incapable to full fill their wants in sufficient manner. In other words, it is a situation of fewer resources in comparison to unlimited human wants. Human wants are unlimited. we may satisfy some of our wants but soon new wants arise. It is impossible to produce goods and services so as to satisfy all wants of people. Thus scarcity explains the relationship between limited resources and unlimited wants and the problem there in.
As sad as it is people tend to go for their wants more than their needs. Sometimes we must go without what we need until it is available again if it is scarce
No, it is fasle that independence from railroads and banks is one way that farming in the United States changed in the late 1800s, since in fact it was farming's dependence on these industries that actually changed.
