Question

Why does scarcity exist?
A Producers need scarcity to set prices.
B Wants are always greater than resources.
C Economic institutions control most money.
D No country can make all the goods it needs.
Please only answer if you know for SURE!!
I will mark brainiest answer if you help me with a little extra!!

Answer 1

Scarcity means there aren't enough resources to go round. This is because of the basic economic problem: humans have infinite needs and wants, but only have a finite amount of resources to meet them. ... Everything is limited, and so scarcity exists.

Answer 2

This is because of the basic economic problem: humans have infinite needs and wants, but only have a finite amount of resources to meet them. ... Everything is limited, and so scarcity exists. So the answer is D