Scarcity is the fundamental monetary issue. It emerges when the assets are not adequate to meet the limitless needs of individuals in the general public Scarcity exists because of the allocation of goods by prices unlimited wants and limited resources Option(b) is correct.
Scarcity as a financial idea "alludes to the essential unavoidable truth that there exists just a limited measure of human and nonhuman assets.
Which the best specialized information is fit for utilizing to deliver just restricted most extreme measures of each monetary great. There was no such thing as on the off chance that the states of scarcity and an "endless measure of each and every great could be created or human needs completely fulfilled there would be no monetary products, for example products that are moderately scant.
Therefore Option(b) is correct.
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