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In some areas of the world, some people must walk over a mile to get access to water. This statement best supports which economic concept? shortage allocation scarcity incentive…

In some areas of the world, some people must walk over a mile to get access to water. This statement best supports which economic concept? shortage allocation scarcity incentive…
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In some areas of the world, some people must walk over a mile to get access to water.

This statement best supports which economic concept?



shortage


allocation


scarcity


incentive

User Sarjit
by
7.8k points

2 Answers

2 votes

The economic concept best illustrated in this example is scarcity.

User Jithinkmatthew
by
8.5k points
3 votes
scarcity
hope it helps
User Heartcroft
by
8.2k points
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