Scarcity is the condition in which what humans want are greater than the supplies of time, goods, and resources. It is described as the economy’s ability to satisfy unlimited desire[1].
Economics for Today (Ch. 1) by Irvin B. Tucker ↩
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Scarcity is the condition in which what humans want are greater than the supplies of time, goods, and resources. It is described as the economy’s ability to satisfy unlimited desire[1].
Economics for Today (Ch. 1) by Irvin B. Tucker ↩