Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / The United States is considered a rich country because Americans can choose from an abundance of goods and services
The United States is considered a rich country because Americans can choose from an abundance of goods and services. How can there be scarcity in a land of abundance?
Here, it is given that the United States is categorized as a rich nation because it can choose between a large number of goods and services. However, it doesn't mean the United States has an abundance of land resources to produce such a large quantity of products and services as even after this, the unlimited wants overpass the limited availability of resources. Hence, scarcity exists.
