Scarcity Answers
Definition: Scarcity is an insufficient or shortness of supply.
Example: As a baker, scarcity can occur if there aren't enough eggs or milk to make your cake.
1. Yes, an example of something that everyone is short of is time.
2. No, Josie is not facing scarcity by finishing her work early.
3. Not having enough money to get new shoes is an example of scarcity
Definition: Scarcity is an insufficient or shortness of supply.
Example: As a baker, scarcity can occur if there aren't enough eggs or milk to make your cake.
1. Yes, an example of something that everyone is short of is time.
2. No, Josie is not facing scarcity by finishing her work early.
3. Not having enough money to get new shoes is an example of scarcity