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Answer to Question #120390 in Microeconomics for Nisa Tul Islam

Question #120390
Why is scarcity the central feature of the economic problem?
1
Expert's answer
2020-06-08T11:05:10-0400

Scarcity is so important in economics because, if it is not managed correctly the economy breaks down. Meaning, if the unlimited wants are not satisfied with enough resources, the economy will break down.


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