[RESOLVED] Define the term scarcity as used in Economics« Back to Questions List

Question: Define the term scarcity as used in Economics.

Posted by quantumlucfrweb@gmail.com
Asked on 2 June 2023 10:27 AM
1
Answer: Scarcity refers to the limitation of supply in relation to demand for a commodity.
Posted by quantumlucfrweb@gmail.com
Answered On 2 June 2023 10:27 AM