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.
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.
What are the three Ps every society has to ask itself? What to produce How to produce Where to produce
Factor of Production: Labour Labor refers to the people who are employed to perform business activity
Factor of Production: Land Land refers to the natural resources and land used for a business activity