Scarce Resources * 1 point Resources that are limited in availability and desirable. Resources that are abundant in supply and availability
Resources that are limited in availability and desirable are referred to as scarce resources. These resources are essential for human well-being, but their supply is limited, making them valuable and in high demand. Examples of scarce resources include fossil fuels (such as oil and natural gas), fresh water, and certain minerals.
On the other hand, resources that are abundant in supply and availability are referred to as abundant resources. These resources are plentiful and readily available, and their supply exceeds the demand. Examples of abundant resources include renewable energy sources (such as solar and wind power), air, and sunlight.
It's important to note that the classification of a resource as scarce or abundant can vary depending on the geographic location and the time period considered. Some resources that are currently abundant may become scarce in the future due to overexploitation or changes in demand and availability.