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kobusy [5.1K]
3 years ago
13

In details, expatiate on why scarcity is a problem in economics​

History
1 answer:
Margarita [4]3 years ago
4 0

Answer:

Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy.

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