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Grade 3-5, 6-8, 9-12
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Video

Scarcity Video

Time: 10 mins,
Updated: May 13 2019,

Objective

Students will be able to:

  • Understand the concept of scarcity.

This video teaches the concept of scarcity. The total resources of society, including natural resources, human resources, capital goods and entrepreneurship, are limited, causing scarcity to exist.

Resources

Subjects:
Economics