Question

give the definition of a scarce resource?​

Answer 1

Answer:

SCARCE RESOURCE: A resource with an available quantity less than its desired use. Scarce, or economic, resources are also called factors of production and are generally classified as either labor, capital, land, or entrepreneurship. ... A scarce resource is typically exchanged through a market.

Explanation:

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Answer 2

Answer:

A resource with an available quantity less than its desired use. Scarce, or economic, resources are also called factors of production and are generally classified as either labor, capital, land, or entrepreneurship. Scarce resources are the workers, equipment, raw materials, and organizers used to produce scarce goods.

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