which best describes scarcity?\no the idea that resources, wants, and needs are all unlimited\no the idea…

which best describes scarcity?\no the idea that resources, wants, and needs are all unlimited\no the idea that resources should fulfill unlimited needs and wants\no the idea that land, labor, and capital are limited\no the idea that land, labor, and capital are unlimited

which best describes scarcity?\no the idea that resources, wants, and needs are all unlimited\no the idea that resources should fulfill unlimited needs and wants\no the idea that land, labor, and capital are limited\no the idea that land, labor, and capital are unlimited

Answer

Answer:

the idea that land, labor, and capital are limited

Brief Explanations:

Scarcity in economics refers to limited resources (land, labor, capital) relative to unlimited wants and needs.