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What are scarce resources

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Answer:

Limited Goods or goods that are running out

Step-by-step explanation:

Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.

User Ethan Selzer
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5 votes

Answer:

Scarce resources are resources that are in limited availability.

Step-by-step explanation:

Hope this helped:)

User VvMINOvv
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