Final answer:
Scarcity requires choices due to limited resources and unlimited wants; abundance does not eliminate scarcity in economics.
Explanation:
Scarcity is the condition where there are insufficient resources to satisfy all human wants. This scarcity necessitates choices because resources are limited while wants are unlimited. On the other hand, abundance does not eliminate scarcity in the economic sense since it is about meeting unlimited wants with limited resources.
Learn more about Scarcity and abundance in economics here:
https://brainly.com/question/1602234
