XxMikeLearnsxX6586 XxMikeLearnsxX6586

03-03-2020
Business

contestada

When sport leagues do not expand into a market that can support a franchise, or when they create rules to limit the movement of existing franchises, what economic concepts is being applied?

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sandlee09 sandlee09

04-03-2020

Answer:

scarcity

Explanation:

Based on the information provided within the question it can be said that this scenario is causing the economic concept of scarcity to be applied. In the context of economics, this term refers to something that is being limited and thus creating a gap between the limited resource and the possible limitless wants/demand that may exist.

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