Scarcity Is a Concept That Applies to All of the Following

question 150

Multiple Choice

Scarcity is a concept that applies to all of the following except

• A)time.
• B)natural resources.
• C)human wants.
• D)machinery.

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Definitions:

Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, and the production for profit and accumulation of wealth.

Create Corporations

The act of establishing a company or business entity recognized by law as a single entity.

Economic Infrastructure

The underlying economic systems and structures that support economic activity, such as transportation networks, telecommunications, utilities, and financial institutions.

Factory Workers

Individuals employed in industrial or manufacturing settings, responsible for operating machinery, assembling products, or performing tasks related to the production of goods.