Concept:Economics is the study of how human beings deal with the fundamental problem of scarcity.
Explanation:Human wants are virtually unlimited, but the resources needed to satisfy them are limited.
This gap between limited resources and unlimited wants is called scarcity.
In every economy, scarcity forces individuals and societies to make choices about what to produce, how to produce, and for whom to produce.
Because these choices arise only due to scarcity, it lies at the very heart of the definition of Economics.
Resources, wants, and capital are important, but scarcity is the central idea that gives Economics its purpose.
Answer:The correct answer is scarcity (Option C).