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17 January, 04:29

What determines the balance of production and consumption?

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  1. 17 January, 04:36
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    The correct answer is Scarcity

    Consumption and production are based on the scarcity of the resource. For example, if there is a scarcity of wheat, the country might introduce measures to reduce the amount of available bread that each person is allowed to procure in a store. This is done for example in periods during depressions so as to make sure that everyone gets food.
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