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scarcity means? |
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Answer» Limitation of resources in relation to demand for a commodity.Resources are in limited quantity , as a result good are not readily available to fulfill all the wants of consumers so this leads to scarcity of resources. "Hope this answer will help you out" ??☺️? Scarcity means when supply is less than demand Scarcity means shortage of goods and resources in relation to their demand. |
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