Question

A situation in which a person has unlimited wants but limited resources to

fulfill those wants is called
A. socialism
B. specialization
C. scarcity
D. entrepreneurship

Answer 1

Answer: C. Scarcity

Step-by-step explanation:

When someone wants something but it's not there or they can't fulfill it there it is a scarcity of the resources that are needed. :D

Scarcity: (basically) a lack of resources

Answer 2

scarcity

Step-by-step explanation:

trust also Scarcity is the concept that there are unlimited needs and wants and an insufficient amount of resources to fulfill these.