What is scarcity Flashcards
1
Q
What is Scarcity in your own words?
A
Basic meaning:
The excess wants can not be covered by the limited amount of resources this world has to offer.
Topic 1-intro to economics > What is scarcity > Flashcards
What is Scarcity in your own words?
Basic meaning:
The excess wants can not be covered by the limited amount of resources this world has to offer.
Topic 1-intro to economics (13 decks)