Define scaricity

1.	Define scaricity
Answer» Scarcity means demand of a commodity is more than supply of a commodity . Its occurs because resources are limited , humans wants are unlimited and resources have alternative uses.<br>The secretary is an "A person, whose work is to write for others, especially one who is employed to conduct correspondence, keep records and to transact various other businesses for another person or for a society, corporation or a public body".<br>Scarcity means when the supply is less for a commodity but the demand is more ..Like we can take the example of oxygen cylinders their demand is more but the supply is less ..Hope so u vl understand by this ...<br>Scarcity mean insufficiency, shortage of things particulary water.

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