Scarcity in economics means that:

A) we often do not have sufficient resources to achieve our objectives.
B) the wants of people are limited.
C) there must be poor people in rich countries.
D) shortages exist in nearly all markets.

Scarcity

Scarcity refers to the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, necessitating prioritization and choice.

Sufficient Resources

The availability of adequate resources (including time, money, and manpower) to achieve a particular goal or complete a project.