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Scarcity means that human wants for goods , services and resources exceed what is available . Resources , such as labor , tools , land , and raw materials are necessary to produce the goods and services we want but they exist in limited supply . Of course , the ultimate scarce resource is time - everyone , rich or poor , has just 24 hours in the day to try to acquire the goods they want . At any point in time , there is only a finite amount of resources available . Think about it this way : In 2015 the labor force in the United States contained over 158.6 million workers , according to the U.S. Bureau of Labor Statistics .
Please check all the words that can be used instead of the target word in the same context. Note that the morphology of the target (third person singular, past tense etc.) is considered to be applied to the candidate automatically in the process of paraphrasing.