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Why is scarcity a fundamental problem in economics
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27 votes
Why is scarcity a fundamental problem in economics

User Musk
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11 votes

Answer:

Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.

Step-by-step explanation:

Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.

User Pranoti
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