Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

In details, expatiate on why scarcity is a problem in economics​

Sagot :

Answer:

Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy.