Edg- Resources and scarcity

How does scarcity affect the value of resources?

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31-01-2022
Social Studies

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Edg- Resources and scarcity

How does scarcity affect the value of resources?

Sagot :

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Samagu9488idn Samagu9488idn · Answer 1 · 2022-02-11T12:34:33-05:00

Samagu9488idn Samagu9488idn

11-02-2022

Answer:

he demand for a good or service is greater than the availability of the good or service.

Explanation:

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.

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