the state of having a limited number of resources to produce the things that people want and need is…

the state of having a limited number of resources to produce the things that people want and need is called\nbusiness\nlabor\nscarcity\neconomics

the state of having a limited number of resources to produce the things that people want and need is called\nbusiness\nlabor\nscarcity\neconomics

Answer

Brief Explanations:

Scarcity is the economic concept of limited resources relative to unlimited wants. Business refers to commercial activities, labor is a factor of production, and economics is the study of how resources are allocated.

Answer:

C. scarcity