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Absence of scarcity would mean absence …

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Absence of scarcity would mean absence of economics Explain with logical reasoning

Posted by Harsh Pandey 5 years, 3 months ago

CBSE > Class 11 > Economics

1 answers

Revant Prakash 5 years, 3 months ago

Economics is all about how to manage and utilise our limited natural resources in sustainable way. Here scarcity means the Unabundance of of needs and wants. Therefore the microeconomics is whole and sole based on the scarcity of resources and unlimited needs of our people.

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