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7 January, 06:58

In economics, which term describes a situation in which there are limited resources and unlimited needs and wants?

a. Calculation

b. Intervention

c. Scarcity

d. Greed

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  1. 7 January, 08:16
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    In economics, the term that describes a situation in which there are limited resources and unlimited needs and wants is "scarcity" which is the basis of economics.
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