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vivado [14]
3 years ago
5

What does it mean to economize? What is scarcity?

Social Studies
1 answer:
Anvisha [2.4K]3 years ago
8 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.

Explanation:

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