Scarcity in economics generally refers to

a

A period of feminine

b

Monopolization of existing supply of resources

c

Nationalization of sources of raw materials in Nigeria

d

The control of outlets to sell goods

e

None of the above

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e

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Articulture1234
2 years ago

Scarcity is one of the key concepts of economics. 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

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