Why is the concept of scarcity relevant to both ldc and mdc, Microeconomics

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Why is the concept of scarcity relevant to both LDC s and MDC s?

All societies throughout time have wrestled with the basic economic conundrum of having needs that cannot be met. Suppose that wants are endless but that economic resources are scarce means that all economies will have to contract with the issue of scarcity, i.e. that all needs simply cannot be fulfilled and that choices will have to be made.

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