a basic concept in economics is that all resources are\no scarce.\no allocated.\no valuable.\no renewable.
a basic concept in economics is that all resources are\no scarce.\no allocated.\no valuable.\no renewable.
Answer
Brief Explanations:
In economics, scarcity is a fundamental concept. Resources such as land, labor, and capital are limited relative to the unlimited wants and needs of society. Allocation, value, and renewability are related but not the basic concept about resources in the way scarcity is.
Answer:
scare.