Respuesta :
Making economic choices is another way of dealing with scarcity
Scarcity refers to the limited availability of a resource ,people who are stuck in scarcity have to regulate their financial choices from time to time.
Although human beings have limitless wants, they also have finite resources. We are forced to choose because of limited resources. Making wise decisions is therefore crucial. Our thinking affects the choices we ultimately make.
Our judgments are influenced by resources like time and money. Our current spending decisions and those we make for the future include trade-offs. For his future, that person might start saving. Thus, those who are already experiencing a shortage suffer greatly.
Thus scarcity affects and limits our financial freedom.
To learn more about scarcity click here:
https://brainly.com/question/1443550
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