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Economy
Fleming Fleming Dec 27, 2020

Is there any relationship bween scacity of resouces and the basic economic problem​

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Scarcity refers to the basic economic problem, the gap between limited – that is,scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how toallocate resources efficiently, in order tosatisfy basic needs and as many additional wants as possible.

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Rebecca Rebecca
Dec 27, 2020
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