the basic economic condition that exists when unlimited wants exceed limited productive resources is…

the basic economic condition that exists when unlimited wants exceed limited productive resources is called\na capital.\nb scarcity.\nc hyper inflation.\nd opportunity cost.

the basic economic condition that exists when unlimited wants exceed limited productive resources is called\na capital.\nb scarcity.\nc hyper inflation.\nd opportunity cost.

Answer

Answer:

B. scarcity

Brief Explanations:

Scarcity is defined as the situation where unlimited wants exceed limited resources in economics. Capital refers to assets used in production. Hyper - inflation is extreme inflation. Opportunity cost is the cost of the next best alternative forgone.