True or false: paddyland is restrained by the resources it has to satisfy the various wants of its residents.

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24-08-2022
Social Studies

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True or false: paddyland is restrained by the resources it has to satisfy the various wants of its residents.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-09-02T12:54:45+02:00

It is correct to say that scarcity is the state that exists when the desires of people permanently exceed the amount of accessible time, products, and resources.

This is further explained below.

What are resources?

Generally, The term "resource" refers to any and all of the materials that are present in our environment, are available to us in a technologically accessible, economically practical, and culturally sustainable manner, and help us meet our needs and desires.

In conclusion, Scarcity is the situation that arises when human desires indefinitely exceed the availability of time, products, and resources that are accessible. This is a true statement.