why does scarcity exist? *\nvoluntary trade has benefits for both parties.\nresources are limited, but…
why does scarcity exist? *\nvoluntary trade has benefits for both parties.\nresources are limited, but people’s wants are unlimited.\nthe factors of production are endless.\npeople are motivated by incentives.
Answer
Brief Explanations:
Scarcity exists because resources like land, labor, and capital are limited, while human desires for goods and services are infinite.
Answer:
Resources are limited, but people's wants are unlimited.