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What do you mean by scarcity of wealth? - Economics

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प्रश्न

What do you mean by scarcity of wealth?

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उत्तर

Scarcity of wealth means the limited supply of a commodity compared to its demand. It implies resources or goods are not enough to satisfy all wants fully .

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पाठ 1: Introduction to Economics - QUESTION BANK [पृष्ठ १४]

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जे. पी. गोयल आणि कौशल गोयल Economics [English] Class 9 ICSE
पाठ 1 Introduction to Economics
QUESTION BANK | Q 7. | पृष्ठ १४
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