Economic Awareness - Sectors of Indian Economy
Which of the following best explains why scarcity cannot be completely eliminated?
Which of the following best explains why scarcity cannot be completely eliminated?
hard Q10 of 15
Step-by-Step Solution
Step 1: Understand the cause of scarcity
Scarcity exists because human wants are unlimited while resources are limited.Step 2: Analyze options
Because human wants are unlimited and resources are limited correctly explains why scarcity persists. Technology improves availability but cannot overcome unlimited wants fully.Step 3: Explain why other options are wrong
Technology can increase resources, so that is not the barrier. Resources are limited, not infinite. Government allocation affects efficiency but not the root of scarcity.Final Answer:
Because human wants are unlimited and resources are limited → Option AQuick Check:
Unlimited wants + limited resources = enduring scarcity ✅
Quick Trick: Unlimited wants always outpace limited resources.
Common Mistakes:
MISTAKES- Believing technology or government policy can fully eliminate scarcity.
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