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| the scarcity problem definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | although we have boundless needs and wants, the resources available to us are limited. scarcity means that we have to make choices-having more of one thing usually means having less of another. | 1 set | |
| 2 | although we have boundless needs and wants, the resources available to us are limited. scarcity means that we have to make choices - having more of one good thing usually means having less of another | 1 set | |
| 3 | having to make a choice- more of one good thing means having less of another | 1 set | |