Answer: Option (A) is correct.
Explanation:
Scarcity refers to the problem that is experience by most of the developing countries. This situation occurs because of the shortage of resources in an economy and due to the shortage of resources, so firms unable to produce more and satisfy unlimited human wants. Humans wants are unlimited, hence it is difficult to satisfy all of their wants but some of them.
Therefore, we make sure that we only want things that we are capable of consuming and producing.
