Why are resources limited

Answers:
In practice they are not. Take oil for example. Oil has been said to be running out forever, yet we have more than we did a 100 years ago. Even when it does run out, we will move on to more efficient resources. That's how markets work, when a product becomes scarce, it become more and more profitable to find alternatives.
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Relevant answers:
  • What are limited resources?
    a. there's no scarcity of things.
  • Why is oil a limited resource?
    Oil is a limited resource because it takes an exetremly long time of high temp. and pressure to produce a usable quantity.
  • Why are habitats limited resources?
    Because us humans are destroying them and pollutin gthem. Where our cities are is where animals used to live.
  • Is wood a limited resource?
    Wood is a renewable resource however, trees from which wood is harvested needs to be planted At the rate that it is used or eventually supplies will be depleted. It is limited to the amount planted...

    • Can you answer these questions?