The condition of unlimited wants in a world of limited resources is known as Scarcity.
Due to population growth and unlimited use of resources, the world is leading towards scarcity of fossils.
The resources that are limited and will end after a certain time period are called "non-renewable" or "Conventional resources."
Oil, fossils, coal, etc. are some examples of limited resources.
According to archeologists, the world will start facing scarcity of these resources in the next fifty years.
The scarcity of these resources will affect the monetary value of the economies of the world, affecting the living conditions of humans overall.
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