Economic Crises Article
Please read the article: http://www.businessinsider.com/venezuela-economic-crisis-leads-to-food-shortages-2016-6 then answer the following questions:
1) What is scarcity?
2) Why is there scarcity in Venezuela?
3) How does scarcity affect society?
4) What can be done to solve the scarcity problem in Venezuela?
5) What needs to happen to prevent scarcity from re-occurring in the future?
…………………Answer Preview…………………..What is scarcity?
Scarcity refers to the insufficiency of resources, goods or ability to cater for wants or desired ends, for example, think of the thing that you like to have most, what if you suddenly couldn’t get it anymore? A recent case in point is Venezuela, a recent study by Simon Bolivar University indicates that a staggering 87 percent of Venezuelans do not have enough money to purchase food.
Why is there scarcity in Venezuela?
Scarcity in Venezuela can be traced…..
APA
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