What is the difference between scarcity and shortage

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Answer 1
Answer:

Scarcity means limitedness, which is used in the context of natural resources, that can be reproduced but still scarce as at a given point of time, the availability is limited.

occurs whenever quantity demanded is greater than quantity supplied at the market price. More people are willing and able to buy the good at the current market price than what is currently available.

The shortage, on the other hand, is a market phenomenon, used for products and services which are not available in the required quantity.

When a shortage exists, the market is not in equilibrium. At equilibrium, the quantity demanded equals the quantity supplied at the market price.

The easiest way to distinguish between the two is that scarcity is a naturally occurring limitation on the resource that cannot be replenished. A shortage is a market condition of a good at a particular price. Over time, the good will be replenished and the shortage condition resolved.  


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What might you have done differently if you had been the architect? Read the paragraph!!!!

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I would've made more opening to make the room light up during the day also cover the hole on top with some glass.

What is a sentence using the word annexcition?

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The annexation of Austria occurred in March of 1938 as a result of the Nazi takeover within Austria. It was also know as the Anschluss.

How does globalization affect your life? I order items from other countries directly. I buy imported goods in stores. I communicate with people in other countries. I use websites from other countries. I shop at businesses owned by people from other countries.

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Answer

All the above are effects of globalization.

Globalization affects my life both positively and negatively.

Positive effects

  • I buy imported goods in stores.
  • I communicate with people in other countries.
  • I use websites from other countries.
  • I shop at businesses owned by people from other countries.

Negative effects

  • Job insecurity where people in developed countries lose jobs due to outsourcing.
  • Fluctuation in prices: Due to increased competition favored by globalization, businesses are forced to lower their prices for them to fit the competition.  

Answer:

on edg

Explanation:

its 1 and 2

What political centripetal or centrifugal. forces did the class experience as it traveled through Europe

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The correct answer for the question that is being presented above is this one: "centripetal forces no longer need passports to enter other EU countries. Centrifugal forces Kept the pound instead of adopting the euro." It explains what political centripetal or centrifugal forces did the class experience as it traveled through Europe.

How did the views of Mexican and American differ about Texas

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Anglo (meaning non-Hispanic white) migration to Texas began in earnest after Mexico secured its independence from Spain in 1821. In the new republic, Texas was just one part of the state of Coahuila-Texas, a region in Mexico's northern borderlands in which Native communities were powerful. Mexican families lived throughout the northern portion of Coahuila-Texas—the wealthiest of whom were known as Tejanos—and to the Comanche and Lipan Apache they were unwelcome. Viewed from the perspective of the region's Native communities, both Tejano and Anglo settlers were undocumented immigrants.

Describe 2 accomplishments of two famous queens

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1. Maria Theresia of Austria - reformed education, introducing compulsory education for children of both genders until the age of 12 (in 18 century!) (these reforms are still often referenced in Austria)

2. Maria of Portugal II - she introduced some measures for health protection in her country and specifically targeted cholera. She also made some educational reforms