The law of scarcity:

1.	The law of scarcity:
Answer» Does not apply to RICH, developed contries. Applies only to the LESS developed contries. Implies that consumers want will be satisfied in a socialistic system. Implies thet CONSUMER's wants will never be COMPLETELY satisfied. Solution :D. The LAW of scarcityImplies thet consumer's wants will never be completely satisfied.

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