What is a limited resource?

A. A limited resource is a factor of production required to produce a product or provide a service that is scarce and can be depleted.
B. A limited resource is a factor used by individuals, governments, and businesses to determine the value of trade-offs.
C. A limited resource is a product or service that is subject to scarcity.
D. A limited resource is a product or service that has its price managed by the government because of scarcity.

1 answer

A. A limited resource is a factor of production required to produce a product or provide a service that is scarce and can be depleted.