Scarcity applies to both the rich and the poor.

Name: Scarcity applies to both the rich and the poor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Scarcity affects everyone because it refers to the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It means that no matter how wealthy an individual or society is, resources are not infinite, and choices must be made about their allocation.

Scarcity Applies to Both the Rich and the Poor