How dose scarcity affect economic choices?

0 ⤊

How dose scarcity affect economic choices?

2007-03-20 14:31:51 · 3 answers · asked by lena 1 in Social Science ➔ Economics

3 answers

"Please do my homework" this is why you know nothing of supply and demand.

2007-03-20 14:39:48 · answer #1 · answered by Wurm™ 6 · 0⤊ 0⤋

Our wants/needs are limitless and on the other hand, resources are scarce (time, money, land, minerals) therefore we need to make wise economic decisions to produce the greatest satisfaction.

2007-03-20 14:42:27 · answer #2 · answered by virtuous8 1 · 0⤊ 0⤋

scarcity brings in many question and makes people desperate to serach for answers for their hw...

maybe the world would not be so desperate if people like you would use your brains.

2007-03-20 14:40:16 · answer #3 · answered by Scpwnz 5 · 0⤊ 0⤋