The term that applies to the situation described is economic scarcity. This is because the town has a resource (freshwater from the lake) available, but lacks the infrastructure (water treatment facility) to make it accessible and safe for drinking purposes. Economic scarcity refers to the limitations in resources caused by insufficient infrastructure or investment to make them usable.
Which term applies to the following situation? A town has a lake with fresh water but lacks a water treatment facility to make it safe for drinking.(1 point)
Responses
resource allocation
resource allocation
physical scarcity
physical scarcity
desalination
desalination
economic scarcity
economic scarcity
1 answer
1 answer