LIMITED RESOURCES: Finite quantities of labor, capital, land, and entrepreneurship available to an economy for the production of goods and services. This is one half of the fundamental problem of scarcity that has plagued humanity since the beginning of time. The other half of the scarcity problem is unlimited wants and needs. See also | scarcity | resources | factors of production | labor | capital | land | entrepreneurship | unlimited wants and needs | goods | services | economic growth | investment | exploration | technology | human capital |
