How does scarcity affect customers?
4 answers
Scarcity affects customers by limiting the availability of goods and services, which can lead to higher prices and increased competition for limited resources. This can lead to customers having to make difficult decisions about how to allocate their limited resources, such as choosing between buying food or paying rent. Scarcity can also lead to customers having to wait longer for goods and services, as suppliers may not be able to meet the demand.
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What are some examples of capital resources?
1 answer