What Causes Scarcity? What causes scarcity? In economics, scarcity refers to resources that a limited in quantity. There are three causes of scarcity – demand-induced, supply-induced, and structural. What are the two main causes of scarcity? Hence, limited resources and limitless wants are the two basic causes of scarcity. Importance of Economics: Economics is the
What Economic Problems Did France Face In The 1700s? What economic problems did France face in the 1700s? Throughout the 18th century, France faced a mounting economic crisis. A rapidly growing population had outpaced the food supply. A severe winter in 1788 resulted in famine and widespread starvation in the countryside. Rising prices in Paris
What Domestic Issues Did Bush Concentrate On? What domestic issues did Bush concentrate on? Bush’s biggest domestic policy achievements include winning passage for two major tax cuts during his term in office: the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. What was