Question

Do you believe that all questions and problems arise from scarcity? Do you ever experience scarcity?...

Do you believe that all questions and problems arise from scarcity? Do you ever experience scarcity? Explain properly best two examples that you face from scarcity from your life.                                  (4) marks

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

I do believe that most economic problems arise from scarcity. Scarcity of resources leads to problems and questions for an economy. This is because all the economies want unlimited resources. But resources are limited and sometimes scarce. Economising scarce resources is the usage of resources in the best possible way.

Yes I do experience scarcity. Labor resources are really limited in the place I live and I have experienced scarcity in this way. Lack of wealth is another scarcity we experience, we cannot buy the products we dream of due to scarcity of wealth resources.

Add a comment
Know the answer?
Add Answer to:
Do you believe that all questions and problems arise from scarcity? Do you ever experience scarcity?...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT