From the list below select the resources that are considered scarce (Select all th Sunlight Time D Money (a) Water

## Step 1<br />In economics, scarcity refers to the basic economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It means that society does not have enough productive resources to fulfill all human wants and needs. <br /><br />## Step 2<br />In this problem, we are asked to identify the scarce resources from the given options. The options are Sunlight, Time, Money, and Water.<br /><br />## Step 3<br />Sunlight is not considered a scarce resource because it is abundant and freely available. It is not limited and does not require any cost to access.<br /><br />## Step 4<br />Time is considered a scarce resource because it is limited and cannot be replenished. Everyone has the same 24 hours in a day, and once time is spent, it cannot be reclaimed.<br /><br />## Step 5<br />Money is considered a scarce resource because it is limited and not everyone has access to it. It is a medium of exchange and is used to buy goods and services.<br /><br />## Step 6<br />Water is considered a scarce resource because it is limited and not everyone has access to it. In some regions, water is scarce due to lack of rainfall or overuse.