The basic economic condition that exists when unlimited wants exceed limited productive resources is called
a) capital.
b) scarcity.
c) hyper inflation.
d) opportunity cost.

The correct answer is B) scarcity.

The basic economic condition that exists when unlimited wants exceed limited productive resources is called scarcity.

We are talking about terms in economics. This is one phenomenon that occurs in market economies. There is only a limited number of products or services available and many consumers wishing to buy them. That is when scarcity occurs and makes products harder to find and they have higher prices.

early greek culture has had an important impact on government and education. first of all, they established the democratic political systems and procedures we have today. consequently, we inherited trial by jury for example. considering education, greek philosphers, mathematicians set he intellectual basis of different areas of studies. in addition, the alphabet originated from the phoenician alphabet into the one we have today and the first library was built in egypt. moreover, greek culture has an impact in current art, architecture and sports disciplines.