Question

the factors of production attempt to instill the idea that resources are

expensive.

scarce.

unlimited.

needed.

Explanation:

In economics (a sub - field of Business), the factors of production (land, labor, capital, entrepreneurship) are based on the fundamental economic concept of scarcity. Scarcity means that resources are limited relative to unlimited wants. While resources can be expensive (but not always), the key underlying idea related to factors of production is scarcity. Resources are not unlimited (as that would eliminate the need for economic study of production and distribution). And while resources are needed, the specific economic concept emphasized in the context of factors of production is scarcity.

Answer:

scare