ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What word means that there’s not much of something; not enough for everyone to have?
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increase
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availability and supply
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profit
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scarcity
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Explanation:
Detailed explanation-1: -insufficient. / (ˌɪnsəˈfɪʃənt) / adjective. not sufficient; inadequate or deficient.
Detailed explanation-2: -1 shortage, want, lack, paucity.
Detailed explanation-3: -Scarcity falls into three distinctive categories: demand-induced, supply-induced, and structural.
Detailed explanation-4: -drought. noundryness; shortage of supply. aridity. dearth. deficiency.
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