The fundamental economic problem of scarcity arises from The fact that society has more than it needs The unequal distribution of income. Competition in the market for goods and services. Our wants exceeding our scarce resources.
The fundamental economic problem of scarcity arises from The fact that society has more than it needs The unequal distribution of income. Competition in the market for goods and services. Our wants exceeding our scarce resources.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 1QP
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