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How does scarcity determine the economic value of an item? by the amount of goods that are produced by the capital required to build the factory by the unlimited wants of the consumers by the resources consumed in production

Respuesta :

Scarcity determine the economic value of an item by the unlimited wants of the consumers.

What is scarcity?

It should be noted that scarcity means paucity. It is a problem of infinite human wants and needs in a world of infinite resources.

In this case, scarcity determine the economic value of an item by the unlimited wants of the consumers.

Learn more about scarcity on:

https://brainly.com/question/1088553

Answer: scarcity determines the economic value of an item by  the unlimited wants of the consumers

Explanation: just did the test

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