3 years ago

How does scarcity affect people's economic decisions?

1 answer:

8 0

Answer:

The ability to make decisions comes with a limited capacity. The scarcity state depletes this finite capacity of decision-making. ... The scarcity of money affects the decision to spend that money on the urgent needs while ignoring the other important things which comes with a burden of future cost.

Explanation:

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How does scarcity affect people's economic decisions?​

How does scarcity affect people's economic decisions?