Register
How do we solve the problem of scarcity.​
2.1k views
1 vote
How do we solve the problem of scarcity.​

User Andoni
by
7.6k points

1 Answer

1 vote
Economics solves the problem of scarcity by placing a higher price on scarce goods. The high price discourages demand and encourages firms to develop alternatives.
User Monte Goulding
by
7.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!