What is meant by scarcity ?
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Sunil Choudhary 5 years, 1 month ago
- 4 answers
Deepanshu Jha 5 years, 1 month ago
Yogita Ingle 5 years, 1 month ago
Scarcity: Refers to limited supply of resources in the economy in relation to demand, this is due to the unlimited wants of human beings.
Gaurav Seth 5 years, 1 month ago
Scarcity: Refers to limited supply of resources in the economy in relation to demand, this is due to the unlimited wants of human beings.
Scarcity of resources refers to the situation where the resources are limited in quantity and have alternative uses in production of various commodities which have high demand in the economy that results in excess demand as supply is limited.
Test
Related Questions
Posted by Mahi Bansal 1 year, 5 months ago
- 0 answers
Posted by Charvi Charvi 1 year, 5 months ago
- 0 answers
Posted by Shiv Narayan Kumar 1 year, 5 months ago
- 1 answers
Posted by Vivek Saroj 1 year, 5 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Sakshi Verma 5 years, 1 month ago
0Thank You