victucioss4han3ne victucioss4han3ne

15-05-2016
English

Answered

Shortage and scarcity mean the same thing.

True

False

Verified Answer :

rebekahrocha75 rebekahrocha75

16-05-2016

Scarcity does not mean the same thing a shortage so the answer to this question is false.

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prescottsmith09 prescottsmith09

19-09-2018

Scarcity vs Shortage

• Though similar in meaning, shortage and scarcity are used in different contexts.

• Shortage is manmade and can be removed mainly through a price hike or importing the commodity from a foreign country.

• Scarcity is natural and always exists like natural resources that are depleting day by day.

The answer is false

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