Question

How do scarce resources influence you personally? What impact does this have on your financial management?

Answer 1

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Scarce recourses affects you personally because then when scarcity arise comes the most of the problems. In financial management having scarce resource (money) would also lead to scarcity of other goods.

Hope my answer would be a great help for you.    

Answer 2

Answer:

Scarce resources influence in the person because if you don't have money you cannot buy good food, buy a house, study in the university or travel to another country.

This is a hard situation that implies sacrifice to obtain something in your life.

In the financial management you should be creative and design a budget to organize your money according to your expenses.