What is a limited resource?(1 point)

• A limited resource is a product or service that has its price managed by the government because of scarcity.
• A limited resource is a factor of production required to produce a product or provide a service that is scarce and can be depleted.
• A limited resource is a product or service that is subject to scarcity.
• A limited resource is a factor used by individuals, governments, and businesses to determine the value of trade-offs.