Final answer:
Scarcity drives economic decision-making by necessitating choices on what, how, and for whom goods and services are produced.
Explanation:
Scarcity is a fundamental concept in economics, driving businesses, industries, and governments to make decisions due to the limited availability of resources compared to unlimited wants. When resources are scarce, choices must be made about what to produce, how to produce it, and for whom it is produced. For example, deciding between allocating resources to healthcare or education highlights the trade-offs imposed by scarcity.
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