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08-10-2014
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Scarcity is the condition of not having enough goods and services to satisfy everyone's

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08-10-2014

Scarcity is the condition of not having enough goods and services to satisfy everyone's needs. This is an economic concept whereby certain conditions in a society such as war, drought, or political instability have led to scarcity of certain goods and services that are preventing the needs of the society's people from being met.

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