Register
In economics, which term describes a situation in which there are limited resources and unlimited needs and wants? a. Calculation b. Intervention c. Scarcity d. Greed
150k views
1 vote
In economics, which term describes a situation in which there are limited resources and unlimited needs and wants?

a. Calculation
b. Intervention
c. Scarcity
d. Greed

User AndrewFerrara
by
7.4k points

1 Answer

3 votes
In economics, the term that describes a situation in which there are limited resources and unlimited needs and wants is "scarcity" which is the basis of economics. 
User Caverac
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.9m questions

10.5m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
How did world war 1 affect the racial and ethnic makeup of american cities
What was an effect of nationalism in Europe in the early 1900s?
Link Copied!