A limited resource is a factor of production required to produce a product or provide a service that is scarce and can be depleted. Thus the correct answer is A.
What is a resource?
A resource is a piece of investment property that people admire and really need, like water, air, or land. Resources are considered as goods that are environmentally sustainable, financially feasible, and socially healthy and that help us meet our needs and desires.
Non-renewable resources are one example of limited resources. A basic law of nature indicates that the numbers of labor, equipment, land, and entrepreneurial assets that can be utilized to create goods and services are limited.
Therefore, option A A limited resource is a factor of production required to produce a product or provide a service that is scarce and can be depleted is appropriate.
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