Back

What is scarcity?

What is scarcity?
Scarcity is when the wants are unlimited and the resources and limited. This leads the person or the government to make a choice.

Related Posts:

author avatar
User

You may also like

What are the three Ps every society has to ask itself?
11 May, 2016

What are the three Ps every society has to ask itself? What to produce How to produce Where to produce

Factor of Production: Labour
11 May, 2016

Factor of Production: Labour Labor refers to the people who are employed to perform business activity

Factor of Production: Land
6 May, 2016

Factor of Production: Land Land refers to the natural resources and land used for a business activity

Leave A Reply

Your email address will not be published. Required fields are marked *