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All About Scarcity

Scarcity

Scarcity is the idea that humans have unlimited wants and needs but have limited amount of resources.

For a reference there is a growing population who all have needs and wants but as the population grows, the resources the earth has is decreasing.

Wants

For example a person might want a new car but they don’t need it to survive.

Needs

Basic needs for survival are, water, food, clothes, shelter, and many more.

Madison Devasier
Madison Devasier
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2 min
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7 cards

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