jacobu3702 jacobu3702
  • 21-06-2022
  • Business
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Scarcity exists when there are _______ resources available to satisfy all the competing uses.

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chilljain33
chilljain33 chilljain33
  • 29-06-2022

Scarcity exists when there are limited resources available to satisfy all the competing uses.

What is scarcity?

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity.  For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

Learn more about scarcity here:

https://brainly.com/question/13186252

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