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They are basic problems of economics because every good or service has a limit to be reached and people have to decide what to choose based on their needs and wants.

Answer:

Scarcity of resources means that people have to ration what is available, deciding who gets what, how and why they get it and when. This is the basic drive of the study of economics; the deciphering of how resources on this planet are allocated between people's needs and wants.

Explanation:

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