People are easier to persuade when they believe there is a short supply of something they want. This principle of influence is known as scarcity.
One of the defining characteristics of economics is scarcity. It deals with how people can satisfy their limitless wants and needs with limited resources. Scarcity affects the monetary value people attach to goods and services and how governments and private companies decide how to allocate resources.
Scarcity refers to the limited availability of resources compared to infinite need. Scarcity refers to any natural resource or scarcity value. Scarcity is also known as resource scarcity.
Learn more about scarcity here:https://brainly.com/question/16112403
#SPJ4
