GXTHBXY2003
GXTHBXY2003 GXTHBXY2003
  • 20-08-2020
  • Business
contestada

How does the concept of scarcity affect economic decision making?

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samridhikarki
samridhikarki samridhikarki
  • 20-08-2020

Answer:

The ability to make decisions comes with a limited capacity. The scarcity state depletes this finite capacity of decision-making. ... The scarcity of money affects the decision to spend that money on the urgent needs while ignoring the other important things which comes with a burden of future cost.

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