Home / Expert Answers / Economics / why-must-every-economic-system-tradition-command-or-market-face-the-problem-of-scarcity-stand-pa614

(Solved): Why must every economic system (tradition, command, or market) face the problem of scarcity? (Stand ...




Why must every economic system (tradition, command, or market) face the problem of scarcity? (Standard 1.2)
There are never e
Why must every economic system (tradition, command, or market) face the problem of scarcity? (Standard 1.2) There are never enough productive resources to satisfy all of society's wants. Every young economy faces scarcity, although older economies can overcome this problem. I have no idea what the answer is. All economic systems have depressions during which scarcity exist. There are times when scarcity can be overcome by reducing the opportunity cost.


We have an Answer from Expert

View Expert Answer

Expert Answer


The correct answer is option (A) There are never enough prod
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe