Limited Resources

Limited resources refer to the finite availability of essential assets such as time, money, materials, or labor that individuals, organizations, or societies can use. Because these resources are finite, choices must be made about how to allocate them efficiently to meet needs and achieve goals. For example, a company has a limited budget, so it must decide how to best spend money on production, marketing, or research. Recognizing resource limitations encourages careful planning and prioritization to maximize benefits and avoid waste.