How scarcity affects you and how you would analyze those effects to best cope with your own budget constraints.

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Rpieniazek · Answer 1 · 2024-05-26T09:16:23+0000

Answer:

Scarcity is one of the key concepts of economics.

Step-by-step explanation:

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy

How scarcity affects you and how you would analyze those effects to best cope with your own budget constraints.

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