The scarcity problem flashcard sets

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the scarcity problem definitions
# Definition Sets
1although 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
2although 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 another1 set
3having to make a choice- more of one good thing means having less of another1 set