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scarcity is the mother of all …

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scarcity is the mother of all economic problems”. Explain the given statement

Posted by Dhruvi Ratanpara 4 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Khyati Kukreja 4 years, 11 months ago

Scarcity is universal problem faced by the all economies.thus one of the main reason to study economics is scarcity and how resources can be optimally utilized to satisfy the wants of people. Thus we can conclude that scarcity is the mother of all economic problems

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