The effect of scarcity on dependency can be observed in the supply/demand relationships that exist regarding personnel within various industries.

Question

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When there is a scarcity of personnel with specific skills or qualifications in an industry, companies become more dependent on individuals who possess those skills. This leads to increased competition for those individuals and can result in higher salaries and benefits in order to retain them. Additionally, companies may have to rely on outsourcing or automation to fill the gap created by a lack of qualified personnel, further increasing their dependence on outside resources.

The Effect of Scarcity on Dependency Can Be Observed in the Supply/demand