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Do even wealthy people and wealthy nations have to deal with scarcity and accept trade-offs?

April 26, 2017deal Nations people scarcity trade-offs wealthy

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Do even wealthy people and wealthy nations have to deal with scarcity and accept trade-offs?

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Sure. A rich person might have plenty of money but not very much time. A wealthy nation might have lots of bauxite not very much oil. Every person and every nation has to deal with limitations because every person and nation has limited resources.