Scarcity Key Terms

Click each term on the left hand side with its correct definition on the right. You get 2 chances to match each pair.





Social science dealing with how individuals, businesses, and societies make decisions on how to allocate scarce resources.

Limitations; insufficient resources, goods, or abilities to achieve economic wants or the desired ends.

Study of how the choices of individuals, households, and businesses affect the entire economy.

Study of national and global economies and how they are affected by large-scale choices and public policies.