Why Does Scarcity Lead to the What,how,and for Whom Questions

question 149

Essay

Why does scarcity lead to the what,how,and for whom questions?

---

Definitions:

Lower Income Taxes

Strategies or circumstances that result in a reduction of the amount of income taxes a person or company owes.

Goods Available for Sale

The total quantity of goods that a company has in its inventory available to be sold during a specific period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated before the next period begins.

Cost of Goods Sold

The total cost of materials and labor needed to produce the goods or services sold by a company.