How do resources and wants create scarcity?

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asked Jun 14, 2021 94.4k views

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Vinod VT · Answer 1 · 2021-06-20T02:22:38+0000

Answer:

Scarcity refers to the basic economic problem, the gap between limited—that is, scarce—resources and theoretically limitless wants. Scarcity refers to the basic economic problem, the gap between limited—that is, scarce—resources and theoretically limitless wants.

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How do resources and wants create scarcity?

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