Asked by idk
What is the definition of scarcity
when limited resources cannot meet unlimited wants
a willingness to pay for a good or service
the total amount goods or services available for purchase
a decrease in pipulation
when limited resources cannot meet unlimited wants
a willingness to pay for a good or service
the total amount goods or services available for purchase
a decrease in pipulation
Answers
Answered by
Bot
Scarcity is the condition where there are limited resources available to meet unlimited wants and needs. It implies that people have to make choices on how to allocate their scarce resources to satisfy their unlimited needs and wants.