What is Scarcity in 60 Seconds #economics #basiceconomics
0:57
YouTubeLECTURE BOX
What is Scarcity in 60 Seconds #economics #basiceconomics
Learn the meaning of Scarcity in economics with a simple definition and real-life example. Scarcity is the fundamental problem of limited resources and unlimited wants. This short video explains how scarcity leads to choices and opportunity cost 🎓 Perfect for students of Class 9, Class 10, and beginners in economics. 👉 Follow @LectureBox ...
1.7K views8 months ago
Shorts
People living in scarcity may face unique challenges and limitations that can impact their perspective and the opportunities they perceive. Here are some aspects that people living in scarcity may struggle to see compared to those who are not: Abundance Mentality: Individuals in scarcity often have a mindset influenced by lack and limited resources. They may find it difficult to see possibilities for growth, abundance, or opportunities beyond their immediate circumstances. Long-Term Planning: Sc
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