Question

Why does scarcity exist?

Answer 1

This is because of the basic economic problem: humans have infinite needs and wants, but only have a finite amount of resources to meet them. ... Everything is limited, and so scarcity exists. So the answer is D

Answer 2

Scarcity means there aren't enough resources to go round. This is because of the basic economic problem: humans have infinite needs and wants, but only have a finite amount of resources to meet them. ... Everything is limited, and so scarcity exists.