You want to buy a scooter which costs Rs. 40,000. However, you only have Rs 25

Question

You want to buy a scooter which costs Rs. 40,000. However, you only have Rs 25,000 with you. This is a manifestation of______.

Options:

A . Unemployment

B . Poverty

C . Scarcity

D . Consumption

Answer: Option C
:
C

Here, you are unable to satisfy your wants using limited resources. This is a manifestation of scarcity.

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