Scarcity is the central problem of economics because resources will always be scarce if human wants are virtually unlimited.

Name: Scarcity is the central problem of economics because resources will always be scarce if human wants are virtually unlimited.
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Scarcity is a fundamental concept in economics because resources are limited while human wants and needs are virtually infinite, leading to the necessity of making choices about how to allocate resources efficiently.

Scarcity Is the Central Problem of Economics Because Resources Will