Ask Question
30 August, 13:24

An economic term that describes when the needs and wants of a person or group exceed the resources available to meet these needs and wants.

+4
Answers (1)
  1. 30 August, 13:35
    0
    Answer:scarcity

    Explanation: The resources that we value-time, money, labor, tools, land, and raw materials-exist in limited supply. There are simply never enough resources to meet all our needs and desires. This condition is known as scarcity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An economic term that describes when the needs and wants of a person or group exceed the resources available to meet these needs and wants. ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers