how is the concept of efficiency related to the concept of scarcity

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19-02-2019
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how is the concept of efficiency related to the concept of scarcity

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tedpictures tedpictures · Answer 1 · 2019-02-19T18:48:44+01:00

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Efficiency is the concept of doing something quickly, or efficiently. Scarcity is the concept of there being very little of something, or a scarce amount. Efficiency is barely related to scarcity in any way, they are nearly antonyms.

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how is the concept of efficiency related to the concept of scarcity