InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
Scarcity causes economic problems.How? |
| Answer» when we have unlimited wants and limited resources this is the main root of scarcity cause economics problem<br>Scarcity implies to the lack of required materials such as raw material, adequate technologies, or other needed resources or more import i.e. deficit\xa0that ultimately affects the growth and development of industries or economy of a country in collective form. Lower growth, slow development, unemployment, salary cut off, recession i.e. employed becomes unemployed and others. Scarcity therefore implies to economic problem.<br>Sacrity cause economic problems because Sacrity prevents all the needs and demands of all people from being fullfilled | |