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wallyboy wallyboy
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A year ago

When economists speak of scarcity, they are referring to the



▸

condition in which society is not employing all its resources in an efficient way.



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condition in which people's wants outstrip the limited resources available to satisfy those wants.



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economic condition that exists in only very poor countries of the world.



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condition in which society produces too many frivolous goods and not enough socially desirable goods.

Textbook 
Economics

Economics


Edition: 12th
Author:
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voltayrevoltayre
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A year ago
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wallyboy Author
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A year ago
This helped my grade so much Perfect
vernonb
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Butwhy
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2 hours ago
Helped a lot
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