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Scarcity causes economic problems.How?

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Scarcity causes economic problems.How?

Posted by Kamna Gambhir 8 years, 4 months ago

CBSE > Class 11 > Economics

3 answers

Vartika Tiwari Tiwari 4 years, 11 months ago

when we have unlimited wants and limited resources this is the main root of scarcity cause economics problem

Komal Prasad 7 years, 11 months ago

Scarcity implies to the lack of required materials such as raw material, adequate technologies, or other needed resources or more import i.e. deficit that ultimately affects the growth and development of industries or economy of a country in collective form. Lower growth, slow development, unemployment, salary cut off, recession i.e. employed becomes unemployed and others. Scarcity therefore implies to economic problem.

Toleji Thomas 8 years, 4 months ago

Sacrity cause economic problems because Sacrity prevents all the needs and demands of all people from being fullfilled

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