Which term means 'In short supply; not plentiful'?

Which term means 'In short supply; not plentiful'?

• A. Economics
• B. Resources
• C. Scarce
• D. Command

Answer: (C)

Scarce describes a situation where something is in short supply and not plentiful. In economics, scarcity is the condition that resources are limited while wants are unlimited, which is why we must make choices and face trade-offs. The word fits the given definition exactly, unlike the other terms: economics is a field of study, resources are inputs used to produce goods, and a command refers to a type of economic system, not to how plentiful something is. For example, clean water can be scarce in arid regions, illustrating the idea that availability can vary by context even though water itself exists.

Scarce describes a situation where something is in short supply and not plentiful. In economics, scarcity is the condition that resources are limited while wants are unlimited, which is why we must make choices and face trade-offs. The word fits the given definition exactly, unlike the other terms: economics is a field of study, resources are inputs used to produce goods, and a command refers to a type of economic system, not to how plentiful something is. For example, clean water can be scarce in arid regions, illustrating the idea that availability can vary by context even though water itself exists.