Only about 1,000 cubic meters of sustainable groundwater per person every year.
Energy resources are inherently scarce, including gold, oil, silver, and other fossil fuels. These materials become scarce and their prices may rise as demand outpaces supply. Due to their scarcity and market dominance, some commodities, like diamonds, fetch high prices.
Limitation is one of the key concepts in economics. It shows that there is indeed a discrepancy in the demand for a good or service compared to the supply. Therefore, scarcity may limit the choices made available to customers, who ultimately stimulate the economy.
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