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what is scarce resources

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what is scarce resources

  • 1 answers

Payal Singh 6 years, 9 months ago

Scarce resources are the workers, equipment, raw materials, and organizers used to produce scarce goods.

Like the more general society-wide condition of scarcity, a given resource falls into the scarce category because it has a limited availability in combination with greater (potentially unlimited) productive uses.

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