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abigailm6387
Scarcity is a naturally occurring limitation on a resource that can’t be replenish. A shortage is the short term version of that where the item can be reproduced.


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kamaribrook828

Answer:

Scarcity is used to refer to the idea that, overall in the world, there are not enough resources to meet humans’ unlimited needs and wants.  Scarcity is an on-going condition.  Shortage, on the other hand, refers to a situation caused by an imbalance in supply and demand.  A shortage occurs when producers are not willing or able to supply as much as consumers demand.  A shortage can last a long time or a short time, depending on how long it takes for supply and demand to come into balance.

Explanation:

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