Most resources are nonrenewable, and wants and needs are unlimited. this is an example of
production
scarcity
labor
devaluation
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It is an 'example of scarcity'.

Explanation:

When the resources are limited and are non-renewable, they need to be managed in such a manner that they serve the necessities of the population for a long period of time. When needs and wants are started to be fulfilled by putting non-renewable resources to use, there is a huge possibility of the emergence of the scarcity of resources, and eventually, their complete depletion.