mixchick mixchick

11-06-2016
Geography

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What is Scarcity and why do we all have to consider it?

Verified Answer :

metchelle metchelle

11-06-2016

Scarcity would talk about the gap between a limited supply and a theoretically limitless demand. It has to be considered since this is how people make decisions on how to allocate the said resources efficiently to satisfy the basic needs.

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