Question

On one hand, _______ are almost always limited, while on the other hand, _________ are practically unlimited. We describe this situation by saying that a condition of __________ exists, which leads to a resource __________ problem.

Answer 1

Answer:

Resource,wants and needs,scarcity,allocation.

Explanation:

As we all know that we have limited resources and the wants and needs of people are practically unlimited.

This can be described in the best way by saying that when there is a scarcity condition is present and we are having limited resources so there will come the problem of resource allocation means to whom to provide the resources.