Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 2 in economics, the term scarcity refers to the condition wher…

Question

question 2
in economics, the term scarcity refers to the condition where
resources are abundant and can satisfy all human desires.
supply exceeds demand in the market.
resources are limited while human wants are unlimited.
there is a temporary shortage of a particular good.

Explanation:

Brief Explanations

In economics, scarcity is defined by limited resources and unlimited human desires.

Answer:

Resources are limited while human wants are unlimited.