As the prices adjust to eliminate shortages in the market economy, therefore there is no shortage of scarce resources.
In economics, Scarcity refers to whilst the demand for a resource is more than the supply of that resource, as assets are limited.
Scarcity effects customers having to make selections on how best to allocate assets so that they will fulfill all simple wishes and as many desires as possible.
Thus, therefore there is no shortage of scarce resources because prices adjust to eliminate shortages in the market economy.
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