Scarcity means that rich people are able to have as much as they would like to have.

Question

Quizplus · Accepted Answer

Scarcity refers to the idea that resources are limited and cannot satisfy all human wants and needs. This applies to all individuals and groups, including the rich. Just because someone has a lot of wealth does not mean that they can have unlimited access to all goods and services. They too have to make choices and allocate their resources based on their priorities and preferences in a world of scarce resources.

Scarcity Means That Rich People Are Able to Have as Much