Question

Please help! 20 points!

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
Online Content: Site 1
What does it mean when a person has "limited resources"? When is a resource considered scarce? (Site 1) Use your own words don't copy anything from any other resources.

Answer 1

They have vary few things such as water food wood coal energy and is scarce when it becomes very hard to obtain or becomes super expensive/costly

Answer 2

You only have 10 points listed. you can select how many points it give when the person answers if you look closly.

Answer:

When someone has "limited resources," it means that they do not have a lot of resources to use or access. For instance, if you only have a limited amount of money, you can't buy everything that you want. Thus, people must prioritize how they use their resources because they don't have an endless supply. Scarcity occurs when a resource is limited and in demand. When the availability of a resource is scarce, people must make decisions about how to allocate the resource efficiently, prioritizing who gets to use it.