How does scarcity affect people's economic decisions?

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03-02-2021
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How does scarcity affect people's economic decisions?

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Averyvalencia08idn Averyvalencia08idn · Answer 1 · 2021-02-03T14:17:51-05:00

Averyvalencia08idn Averyvalencia08idn

03-02-2021

Answer:

The ability to make decisions comes with a limited capacity. The scarcity state depletes this finite capacity of decision-making. ... The scarcity of money affects the decision to spend that money on the urgent needs while ignoring the other important things which comes with a burden of future cost.

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