Scarcity of resources arises only in poor countries.
True
False
A
False
B
True
Open in App
Solution
Verified by Toppr
Scarcity of resources is a universal phenomenon. It is a fundamental central problem of any economy. Rich as well as poor countries have to address this central problem in the economy.
Was this answer helpful?
2
Similar Questions
Q1
Scarcity of resources arises only in poor countries.
View Solution
Q2
A scarcity problem arises because our resources are
View Solution
Q3
Assertion: Small countries with very high populations tend to be underdeveloped.
Reason: Population explosion leads to scarcity of resources.