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The conflict between a person's desire for a good and the country's limited resources to provide the good.

User Vlado
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1 Answer

16 votes
16 votes

Answer:

Scarcity

Step-by-step explanation:

Scarcity is the situation that arises when there is a disbalance between the wants and the resources. It is said to be the general problem that exists i an economy. The wants of the society remains unfulfilled when the means to complete the satisfy those resources falls short. In such situations, the particular resources are termed as scare resources. Alternatives and other methods to fulfill such needs are manufactured to help the demands to be fulfilled.

User Andrei Shender
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