Question

In one or two sentences, explain why scarcity exists.

Answer 1

Because of the overexploiting resources.

Step-by-step explanation:

Overexploiting resources means that we WASTE a lot of resources in tasks that could be perform with less.

Answer 2

Scarcity exists because people use up a lot of the resource like coal for example. It takes millions of years to make so at the rapid rate we use it, it will become very scarce.