Scarcity causes problems because people in the world place a lot of demand on a large variety of resources, but there are only finite amounts of those resources available. Scarcity is a measurement of supply that means t... More »

www.reference.com World View Social Sciences Economics

Scarcity is one of 51 concepts identified by the National Council on Economic Education. Scarcity is an economic problem because one of the main factors that drives economics is the relationship in supply versus demand; ... More »

The basic economic problem is scarcity, which is the idea that human beings want more things than are available to them. More »

Water scarcity is the lack of adequate water resources needed to supply the demand for water in a region. Water scarcity can be a consequence of poor management of available water resources or the lack of adequate natura... More »

www.reference.com Science Environmental Science Natural Resources

Because different nations have different natural resources and human capabilities, trade has become a popular method of allowing nations to get the products people need, such as when the United States exports goods like ... More »

According to Investopedia, microeconomics is the study of decisions made by people and businesses regarding the allocation of resources and prices of goods and services, while macroeconomics is the study of the behavior ... More »

The basic economic problem is scarcity, which is the idea that human beings want more things than are available to them. More »