the conflict between unlimited wants and limited resources is referred to as _.\no inflation\no scarcity\no…

the conflict between unlimited wants and limited resources is referred to as _.\no inflation\no scarcity\no poverty\no unemployment

the conflict between unlimited wants and limited resources is referred to as _.\no inflation\no scarcity\no poverty\no unemployment

Answer

Brief Explanations:

In economics, scarcity refers to the fundamental problem of having unlimited wants but limited resources. Unemployment is a situation related to the labor - market. Poverty is a state of lacking basic needs. Inflation is about the general increase in prices. The conflict between unlimited wants and limited resources is scarcity.

Answer:

scarcity