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What do you mean by Scarcity?

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What do you mean by Scarcity?

Posted by Rohit Anand 6 years, 10 months ago

CBSE > Class 11 > Economics

3 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Yachika Garg 6 years, 10 months ago

Scarcity means the limitation of goods with respect to the wants

Ekta Singh 6 years, 10 months ago

Scarcity means shortage

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