Scarcity

question 76

Multiple Choice

Scarcity

• A) is synonymous with poverty.
• B) is eliminated with greater technology.
• C) is faced by all individuals and societies.
• D) can be eliminated with adequate resources.

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Definitions:

ESOPs

Employee Stock Ownership Plans, which are programs that provide employees with ownership interest in the company.

Pride of Ownership

A sense of satisfaction and accomplishment that individuals feel from owning or being responsible for a particular task or asset.

ESOPs

Acronym for Employee Stock Ownership Plan, a program that gives employees ownership interest in the company through stock ownership, often as an employee benefit.

Pay Back

Refers to returning or compensating someone for something, often used in the context of investments, loans, or when rectifying a mistake.