Scarcity Is Caused by

question 161

Multiple Choice

Scarcity is caused by

• A) unlimited wants running up against limited economic resources.
• B) lazy workers.
• C) mechanical breakdowns at factories.
• D) shortages.

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Definitions:

Re-launching

The act of reintroducing a product, service, or brand to the market with significant updates or changes to its presentation, formulation, or positioning.

Refreshing

The act of renewing or reviving something to make it more interesting, engaging, or up-to-date.

Marketing

The action or business of promoting and selling products or services, including market research and advertising.