Scarcity of resources implies that people must make decisions consistent with the means they have available to them.

Name: Scarcity of resources implies that people must make decisions consistent with the means they have available to them.
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Question

Quizplus · Accepted Answer

Scarcity of resources means that there are limited resources available to fulfill unlimited wants and needs. This requires individuals and societies to make choices and prioritize their use of resources based on the means they have available.

Scarcity of Resources Implies That People Must Make Decisions Consistent