Economics · Introduction to Economics
The basic economic condition of scarcity exists primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1monopolies artificially reduce the supply of goods.
- 2available resources are insufficient to satisfy all human wants.✓
- 3government regulations restrict the free market.
- 4human wants are limited and easily satisfied.
Correct answer
available resources are insufficient to satisfy all human wants.
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