Within economics, the theory of scarcity says that there are unlimited wants and a finite amount of resources. however, history has demonstrated the power of productivity to overcome the theory of scarcity. what is the economic practice responsible for overcoming scarcity? select the correct answer below: the practice of rationing economic goods by the government using meditation to get people to want less the survival of the fittest is how economics deals with scarcity division and specialization of labor, which is a theory of abundance