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26 March, 17:51

What term is used to describe the difference between limited resources and wants and needs

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  1. 26 March, 18:30
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    I would distinguish here between positive and negative difference.

    If more resources are available than the needs and wants, I would call it "abundance".

    Else, if there are less resources than needs and wants, the situation can be described as "scarcity"
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