What is Scarcity?
In economics, scarcity, also known as paucity, occurs when there are limited resources to fulfill unlimited wants and needs.
August 1, 2017 18:14
Economics
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Top Rice Exporting And Importing Countries
India is the largest rice exporting country and neighboring China is the largest rice importing country in the world as of 2016/17.
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Top Sugar Exporting And Importing Countries In The World
Brazil is the largest sugar exporter and China is the largest sugar importer in the world as of 2015/16.
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Top Cement Producing Countries In The World
China, India, and the United States were the top three cement producers in the world in 2014.
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The Top Wheat Exporting And Importing Countries In The World
Wheat is a staple cereal grain consumed in many parts of the world and hence is one of the important agricultural products traded between countries of the world.
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Top Raw Cotton Importing Countries In The World
China imports the largest amount of raw cotton in the world, accounting for 21% of the world cotton import value.
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The World's Leading Exporters And Importers Of Tin Ore
The South Asian nation of Burma is the largest tin ore exporting country in the world while China is the largest importer of this product in the world.
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Countries Who Spend The Most Money Shopping Online
The Americans are the biggest online shoppers in the world followed by the people of the UK, Sweden, and France.
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The Leading Cotton Exporting Countries In The World
The United States is currently the largest raw cotton exporting country in the world accounting for 36% of the total cotton export value in the world.
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How Do Pipelines Work?
Goods and materials are sometimes transported through a pipe, called pipelines.
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The Top Onion Producing Countries In The World
China, India, and the US are the three leading onion producing countries in the world.
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The Busiest Passenger Ports In Europe
The Port of Dover in Dover, UK, is not only the busiest European passenger seaport but also the busiest passenger port in the world.
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Countries With the Highest GDP
GDP stands for Gross Domestic Product. Although it can be measured per capita, by this list it is in terms of the entire country.
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Leading Oil And Gas Companies In The US
Exxon Mobil is the leading US oil and gas company by market value in 2015.
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The Richest States in Germany
The following are the states of Germany ranked by GDP.
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What Caused the Financial Crisis of 2008?
The financial crisis of the late 2000s had a drastic impact on economies across the world.
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The Top Exports of Greenland
Seafood is the common theme among the top exports of Greenland.
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Top Imports of Greenland
Given its status as a sparsely-population island, it is no surprise that Greenland must import many of its goods.
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Countries Most Reliant on the Service Industry
According to data provided by the World Factbook of the CIA, these countries are most dependent on the service industry.
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Countries Most Dependent on Agriculture
According to data provided by the World Factbook of the CIA, these countries are most reliant on agriculture as percentage of their GDP.
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