Question

Define scarcity and explain why scarcity can be considered a fundamental problem in an economy. Write an essay taking a position on the following statement: Scarcity is the primary driving force behind a movement away from socialist and command economies and toward a mixed economy.

Answer 1

Answer:

It is when there is shortage of food and items

Explanation:

This occurs when the nation likes importing goods from other countries making those countries rich in foreign exchange.