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Illustrates the merits of scarcity definition

Illustrates the merits of scarcity definition?

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The merits of scarcity definition are given below:

Scarcity definition is analytical, a positive study, universal in application and considering the theory of opportunity cost. However, this also criticized on the grounds which; this is too narrow and too wide, this offers only light but not fruit, confined to micro analysis and avoids Growth economics.

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