1.

Scarcity is the undercurrent of economic problem and therefore of economics how?

Answer»

So basically economics is a STUDY to SOLVE the three measure PROBLEMS ie
unlimited wants -> every person have unlimited wants the more they have the more they want.
limited resources--> we have resources in a limited amount and it had to fulfill maximum wants of people.
alternative USE--> every resource we have do have some alternative usage.

so economics is a study in which we study about that how to use less resources to fulfill our maximum wants, the proper ways to use and that is y scarcity is the undercurrent of economic problems and therefore of economics.


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