Read the case study given below and answer the question :

In reality working of an economy is much more complex than a society. During the course of basic economic problems, every society has to face scarcity of resources. This scarcity gives rise to economic problems. Every society must decide on how much of each of the many possible goods and services, it will produce. Problems of technology to be adopted also arises in due course of time. Who gets how much of produced goods and how should this produce will be distributed among the individuals in the economy are problems, which are being faced by an economy.

Scarcity of resources arises because of :

Unlimited Human Wants

The correct answer is option (1) : Unlimited Human Wants

Our wants and needs are constantly growing, but resources are finite. This mismatch between finite resources and infinite wants is the fundamental cause of scarcity.