Scarcity is only a temporary problem that a society can solve by promoting economic growth.

Question

Quizplus · Accepted Answer

Scarcity is a fundamental economic problem that arises when the resources available to us are limited compared to our unlimited wants and needs. Economic growth can lead to increased production and consumption of goods and services, but it cannot completely eliminate scarcity. As our population grows and our wants continue to increase, scarcity will continue to be a challenge that requires management and allocation of resources.

Scarcity Is Only a Temporary Problem That a Society Can