What are unlimited resources? why are they important? Explain your answer.
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If there is an unlimited quantity of something, you can have as much or as many of that thing as you want. They're important because they are available in vast quantity and everyone can use that according to their needs. Ex - Sunlight.
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Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
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