what is scarcity
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Scarcity is the quality or state of being scarce.
However, in economics terms, it refers to a situation in which the demand for goods and services is greater than the availability of the goods and services, there by limiting consumer choices.