Question

1. what is scarcity? an economic system without choice having more than enough resources a situation where goods are free limited resources to meet unlimited wants

Explanation:

Scarcity in economics refers to the fundamental problem of having limited resources (such as land, labor, capital) while human wants and needs are unlimited. It forces individuals, businesses, and societies to make choices about how to allocate resources.

Answer:

D. Limited resources to meet unlimited wants