Question

Scarcity is the condition of not having enough goods and services to satisfy everyone's _____ .
costs
benefits
wants

Answer 1

Wants.

Scarcity is the condition of not having enough goods and services to satisfy everyone's wants.

Scarcity is the condition of insufficiency where human beings are incapable to fulfill their wants and it is a situation of fewer resources in comparison for unlimited human wants.

In fact, the human who wants to have unlimited but could not be satisfied.