Scarcity exists because
A)of unlimited resources.
B)human wants are enormous relative to the means available to satisfy them.
C)production is limited only by technology and human energy.
D)advertising creates unnatural desires for surplus goods.

Question

Quizplus · Accepted Answer

Scarcity exists because human wants are enormous relative to the means available to satisfy them. This means that there is a limited amount of resources available to fulfill the unlimited wants and needs of individuals and society as a whole. This creates competition for resources and forces individuals and society to make choices about how to allocate those resources.

Scarcity Exists Because