Products and Services Are Scarce Because Resources Are Scarce

question 54

True/False

Products and services are scarce because resources are scarce.

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Definitions:

Proletarian Revolution

A uprising led by the working-class to overthrow the bourgeoisie and establish a classless society.

July Days

A period in July 1917 in Russia, marked by spontaneous and armed demonstrations by soldiers, sailors, and industrial workers against the Provisional Government, which were ultimately suppressed.

Bolsheviks

A faction of the Russian socialist movement that led the October Revolution in 1917, establishing the Soviet regime.

Kerensky

Alexander Kerensky was a key political figure in the Russian Provisional Government before the Bolshevik Revolution of 1917.