Which of the following is a root cause behind competition inherent in every society?
A)Unlimited wants of the people
B)People's desire to acquire goods and services for free
C)Scarcity of goods and services
D)Genetic makeup of people

Question

Quizplus · Accepted Answer

Scarcity of goods and services is a natural phenomenon as resources are finite while human wants are limitless. This leads to competition as people are competing for access to these limited resources.

Which of the Following Is a Root Cause Behind Competition