How does scarcity affect our economy?
- Anonymous1 decade agoFavorite Answer
Scarcity = lack of resources = requirement for resource allocation. Efficient resource allocation will lead to greater growth of the economy, inefficient resource allocation will result in waste/negative growth.
- Anonymous5 years ago
The mounting debt our president creates to fight a war. War is good business-after it's over, our country always finds more riches, only, how does it work if we are going bankrupt? understand? The second most issue I would say is the illegal immigrant policies. It's hard as hell to get into America legaly. Easy as pie to enter illegaly. Our whole economy changes because of people who take advantage of our federal help system for the poor. As they recieve money from the government illegaly, and take our jobs at lower rates. Setting a lower standard for hard working, tax paying americans.