mrusciolelli2077 mrusciolelli2077

01-10-2021
Social Studies

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Explain in economic terms why time and income are the two scarce resources involved in every purchase we ever make?

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Genevieve7Star Genevieve7Star

13-10-2021

Answer:

Money and time are quintessentially scarce resources. Most people have too little of one, the other, or both. An unemployed person may have an abundance of time, but find it hard to pay rent due to scarcity of money.

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