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1. Scarcity, also known as the basic problem of economics, is the result of the combination of two
factors. Identify and briefly describe these two factors, and explain how together they contribute to
scarcity. (4 points)

Sagot :

jaquelinefvr

The two factors that generate scarcity are related to the gap between limited resources and unlimited desires, generating an economic and social problem that impacts the lives of individuals.

How to deal with scarcity?

For a country's economy not to be affected by scarcity, it is essential that there are strategic measures for the conscious use of scarce resources and the planning of public policies for social and economic development.

Therefore, scarcity must be fought with efficient allocation of resources, to avoid that the demand for a resource is greater than the supply and there is an economic imbalance.

Find out more information about scarcity here:

https://brainly.com/question/3081250

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