Q.

Which of the following statements is the actual meaning of Scarcity?

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!
An Intiative by Sri Chaitanya

a

The actual meaning of Scarcity is that there is a shortage in the Resource

b

There is no change in the Resource

c

None

d

The actual meaning of Scarcity is that there is an increase in the resources

answer is B.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Shortage of goods creates scarcity.

Watch 3-min video & get full concept clarity

tricks from toppers of Infinity Learn

score_test_img

Get Expert Academic Guidance – Connect with a Counselor Today!

whats app icon