The basic economic condition that exists when unlimited wants exceed limited productive resources is called

The basic economic condition that exists when unlimited wants exceed limited productive resources is called is scarcity

Scarcity is the right answer.

Explanation:

Scarcity is a term used to define the limited availability of a product, which may be demanded by consumers or they have a demand in the market. Scarcity also involves a lack of resources for an individual to buy commodities.

In simple terms, scarcity exists due to the exceeding wants for resources by human beings. However, the basic problem of scarcity is confronted by all people, groups, businesses and administrations.

affirmative action refers to the policies that take gender, race, or ethnicity into account in order to promote equal opportunity.

employers subject to title vii are prohibited from taking race or sex into account in any employment decisions. aa is a penalty for having any job group substantially statistically "underutilized" in any race or either sex. the employer must take steps to eliminate the underutilization, then stop, ending its aa efforts

answer: to establish fair access to employment opportunities to create a workforce that is an accurate reflection of the demographics of the qualified available workforce in the relevant job market.

explanation: