Ans. Every task will be considered as an example for this case which is unlimited wants and limited resources because scarcity is the root of economics. All the time, we have only limited resources, but our desires and wishes will be unlimited. They keep on growing one after another. A simple illustration is, if we have 10 rupees in our pocket, we can get either a bread packet or a coke bottle. But we want both bread and Coke along with some chocolates or noodles etc. Another example is if your person has four buffaloes which give 40 L milk. He may get around 30, 000/- as a profit but his expenditures may meet 60000/- or 80,000/-.