Using complete sentences, explain the three criteria that make a resource scarce.

Sample responce:

For a resource to be scarce, it must be limited in supply. Next, a resource must be desirable or in demand. If something is not in demand, then it cannot be scarce because no one would want it in the first place. Lastly, a resource may have more than one valuable use. For example, water has many uses outside of drinking. We use water for sewage and countless other purposes. This makes water a very valuable and, often, scarce resource.

1. The resource is not available to everyone.

2. The resource is limited or finite.

3. The resource is wanted by a lot of people.