How does scarcity affect the economic decision of a society

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12-12-2017
Social Studies

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How does scarcity affect the economic decision of a society

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BabyNise BabyNise · Answer 1 · 2017-12-12T17:04:17+01:00

BabyNise BabyNise

12-12-2017

Say their is a scarcity of Jordan shoes then they become high priced because of the scarcity of the product. So scarcity effects most of the economic decisions because of how less of something their is.

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mermeghan86 mermeghan86 · Answer 2 · 2018-11-15T05:19:46+01:00

mermeghan86 mermeghan86

15-11-2018

It influences society to prioritize its needs and wants and make decisions about how to use resources.

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