Scarcity of resources effects ________________.

Households

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Business firms

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Governments

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All of the above

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Solution

The correct option is D. All of the above
Scarcity of resources effects households, business firms, governments and even individuals. The main problem of economics is the scarcity of resources which affects everyone. The needs and wants of households remain unsatisfied. The businesses and governments don’t have enough resources for their operations. Due to this problem, it is necessary that we use these resources efficiently.

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