Question

Economies experience scarcity because:
A. entrepreneurs fail to organize resources efficiently.
B. physical capital is overused as a factor of production.
C. people have unlimited wants but limited resources.
D. governments increase taxes too quickly??

Answer 1

Answer: I think the answer is C

Answer 2

Economies experience scarcity because people have unlimited wants but limited resources. Option C is correct.

What is scarcity?

Scarcity is defined as the limitation of the resources in relation to the wants of the society.

In scarcity, there is the limited resources and the wants is unlimited. This economic problem is called as the scarcity of resources.

Therefore, option C is correct.

Learn more about scarcity, refer to:

https://brainly.com/question/13186252