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.

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explanation:

i believe it was the shinto