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How does scarcity affect people's economic decisions

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adibap20
adibap20 adibap20
  • 20-04-2021
Ans: The ability to make decisions comes with a limited capacity. The scarcity state depletes this finite capacity of decision-making. The scarcity of money affects the decision to spend that money on the urgent needs while ignoring the other important things which comes with a burden of future cost.
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