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9 February, 18:25

Which best explains why the game of economics cannot eliminate scarcity?

The population of the Earth has grown too large to be sustained by the available

natural resources.

No matter how much supply is produced, people's demands will always increase to

exceed supply

Human intellectual capacities are too limited to allow them to make rational allocation

decisions

Technology has not advanced far enough to create fully efficient systems of production

and distribution

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Answers (1)
  1. 9 February, 21:26
    0
    Which best explains why the game of economics cannot eliminate scarcity?

    No matter how much supply is produced, people's demands will always increase to exceed supply

    Explanation:

    Human want is insatiable, this entails for the desire to dare for more. This best explains why scarcity can not be evicted from the economic market.
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