jennifercoto616
jennifercoto616 jennifercoto616
  • 17-06-2020
  • Social Studies
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What does the term scarcity mean as it relates to economics?

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amirahgilani
amirahgilani amirahgilani
  • 17-06-2020
Scarcity means that there are not enough resources to satisfy the wants and desires of people. That is the basic economic problem:
Scarce resources and limitless wants
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