Answer:
Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities. ... for other reasons
Explanation:
The Hague is also home to the Permanent Court of Arbitration (PCA), founded in 1899. The PCA is the oldest institution for international dispute resolution. One of the city’s most well-known buildings is the Peace Palace, nicknamed the “seat of international law.” The Peace Palace houses the ICJ and PCA.
