scarcity

Front

Scarcity means:

Back

Not enough of something you wanted

Front

What is an economic want?

Back

Things people would like to have.

Front

If 5 people want an ice-cream, is there a scarcity?

Back

Yes, there is a scarcity.

Front

If 6 people want a pencil, is there a scarcity?

Back

No, there is not a scarcity.

Front

If 8 people want a stuffed animal, is there a scarcity?

Back

Yes, there is a scarcity.

Front

If 3 people want a candy bar, is there a scarcity?

Back

Yes, there is a scarcity.

Front

If 2 people want a soccer ball, is there a scarcity?

Back

No, there is not a scarcity.

Front

What will probably happen if something people want to buy is scarce?

Back

The price will go up.

Front

Every time we go shopping we make _______.

Back

choices

Front

What do I need?

Back

water