Question

In a paragraph, answer the following question. How do societies deal with the scarcity of resources?

In your answer, include choices, need vs want, WHAT, HOW and FOR WHOM to produce and the reality of different economic systems.

Answer 1

There are three, and only three, options (choices) for society to deal with scarcity, and all societies must deal with scarcity because there are limited resources and unlimited wants. Those three options are: ... reduce our wants, and. use our existing resources wisely (Don't waste the few resources that we do have.)