How does choice arise out of scarcity

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asked Nov 11, 2022 6.2k views

2 votes

How does choice
arise out of scarcity

Arts
college

Dr Hydralisk asked

by Dr Hydralisk

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Our unlimited wants are greater than our limited resources- that is, because scarcity exists - some wants must go unsatisfied. We must choose which wants we will satisfy and which we will not.

Simon Chiu answered Nov 17, 2022

by Simon Chiu

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