1.Can we ever overcome the problem of scarcity? 2.Was scarcity less of a problem in simpler...

1.Can we ever overcome the problem of scarcity?
2.Was scarcity less of a problem in simpler folk-societies, such as those that existed before the Industrial Revolution?

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Rahul Sunny answered 8 months ago

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Can nominal GDP ever be less than real GDP? Please explain.

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