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  • 21-05-2020
  • Business
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What is the problem that we face concerning all resources?

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hiersnd
hiersnd hiersnd
  • 21-05-2020

Answer:

Scarcity

Explanation:

Scarcity, or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants. Therefore, we have to choose. We have to make trade-offs. We have to efficiently allocate resources. We have to do those things because resources are limited and cannot meet our own unlimited demands. - Kallie Wells

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