113k views
0 votes
The term scarcity in economics can refer to the fact that

User Dzhefer
by
8.3k points

1 Answer

5 votes

The term scarcity in economics refers to the fact that:

a. economic wants are limited and resources are abused

b. even in the riches country some people go hungry

c. no country can produce enough products to satisfy everybody's economic wants

d. it is impossible to produce too much of any particular good or service in a market economy

User Jwfearn
by
8.4k points

No related questions found

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