what is scarcity short answer

Scarcity?is the limited availability of a? commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities.The opposite of scarcity is?abundance.

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 to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible

What was Pulicat political story

In economics scarcity defined as - supply less than demand

Economic problem is problem of allocation of resources .

Ans1. The?economic problem?? sometimes called the basic or central?economic problem?? asserts that an?economy's?finite resources are insufficient to satisfy all human wants and needs.?Economics?involves the study of how to allocate resources in conditions of scarcity.

Ans2. Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities. The opposite of scarcity is abundance.
HOPE THIS WILL HELP :)

economic problem teen Prakar ki hoti hai

Economics problem hoti hai ki hum kina production Karen kiske liye Karen kitne quantity Mein Karen