Concept:The economic problem arises because human wants are unlimited while the resources needed to satisfy them are scarce.
Explanation:Every society has unlimited wants, but the resources available to produce goods and services are limited.
Productive resources such as land, labour, capital and enterprise are not in adequate supply to make everything people desire.
Because of this scarcity, no economy can produce all the goods and services its citizens want.
This fundamental problem exists in all societies, regardless of leadership, planning, or the involvement of economists.
Scarcity forces every society to make choices about what to produce, how to produce, and for whom to produce.
Answer:C. resources are not in adequate supply