Question

why there is a scarcity​

Answer 1

The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. There are simply never enough resources to meet all our needs and desires. This condition is known as scarcity. ... Because these resources are limited, so are the numbers of goods and services we can produce with them.

Answer 2

Answer:

Scarcity exists only because people's wants are greater than the resources available to satisfy their wants. ... Because our unlimited wants are greater than our limited resources—that is, because scarcity exists—some wants must go unsatisfied. We must choose which wants we will satisfy and which we will not.