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How Will Economic Goals Help To Solve The Problem Of Scarcity? [Solved]

If we only had more resources we could produce more goods and services and satisfy more of our wants. This will reduce scarcity and give us more satisfaction (more good and services). All societies therefore try to achieve economic growth. A second way for a society to handle scarcity is to reduce its wants.

πŸš— 🏑 πŸ– Why Can’t We Have Everything We Want? | Scarcity and Choice

Why

Unit 1 Topic 4: Social Goals & Economic Systems

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Economic Goals and Values

This video defines societies'