Fallen Angel
A foreign country begins exporting the product in high volume.
Fallen Angel
Kylie Love
Ali Mohm
Ali Mohm
coco
Kiersten Stites
lifew ziaa
Kim Dracula
one of only two factories that made the product shuts down
Ap#x Economics 1.1.4
scarcity
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
If a natural disaster created scarcity of a raw material, it could decrease production. If this happens, the country could face a trade deficit and have to import the products.
Under the broadest meaning, scarcity would mean that there are limits to our resources on this planet. A resource or a commodity that exists as a limited quantity would be said to be scarce.
unlimited resources would mean that scarcity does not exist. And if scarcity does not exist, then of course, there's no opportunity cost. we can buy anything we want with enough income.
scarcity
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Synonyms for scarcity would include shortage, lack, inadequacy.Dearth
stopping a rail car
The word scarcity means that something is hard to obtain. For example, one might see, 'In World War 2 there was a scarcity of photographic film in Britain'. Shortage is more commonly used of essentials, especially food.
If a natural disaster created scarcity of a raw material, it could decrease production. If this happens, the country could face a trade deficit and have to import the products.