If goods were not scarce they would be free.
اگر اشیاء نایاب نہ ہوتیں تو وہ مفت ہوتیں۔
- True
- False
Explanation
- Scarcity means limited resources compared to unlimited wants.
- When goods are scarce, they have value and a price in the market.
- If goods were not scarce, everyone could get them freely in unlimited quantity.
- Such goods are called free goods in economics.
- Therefore, the statement correctly explains the concept of scarcity.
Last verified on 23-04-2026
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