Can anybody suggest me the proper explanation for given problem regarding scarcity in economics generally?
A good is taken as scarce when people: (w) lack the funds required to make sure their survival. (x) requirement to consume large amounts of this. (y) need more of this than the amounts available when this were free. (z) can have more and more they need without paying for this.
Pleases friends help me for the given problem as in above.