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Question
peoples infinite needs and wants compared to limited resources: limits to land, labor, and capital
economics
export
equilibrium
scarcity
The question is about the concept of people's infinite needs and wants compared to limited resources (land, labor, capital). Economics is a broad field. Export refers to sending goods/services abroad. Equilibrium is a state of balance. Scarcity specifically addresses the situation where resources (like land, labor, capital) are limited relative to unlimited needs and wants.
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Scarcity