How does scarcity affects the factors of production

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asked Jan 2, 2018 30.3k views

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Greg Brodzik · Answer 1 · 2018-01-08T15:01:54+0000

scarcity is when a resource is completely gone or is running low. when resources go scarce, production must be more cautious or just stop altogether, thus affecting production.

How does scarcity affects the factors of production

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