
beschränkt
limited
Limited or restricted in number, scope, space, or time.
Die Anzahl der Parkplätze ist stark beschränkt.
The number of parking spaces is very limited.
limited / narrow-minded
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limited
Limited or restricted in number, scope, space, or time.
Die Anzahl der Parkplätze ist stark beschränkt.
The number of parking spaces is very limited.

narrow-minded
(derogatory) Describing a person with low intelligence or a narrow outlook; stupid or narrow-minded.
Er ist zu beschränkt, um die komplexen Zusammenhänge zu verstehen.
He is too narrow-minded to understand the complex connections.

limited
In legal or business contexts, a liability that is limited to a specific amount or to the company's assets (e.g., in 'Gesellschaft mit beschränkter Haftung' (limited liability company)).
Bei einer GmbH ist die Haftung der Gesellschafter auf ihre Einlagen beschränkt.
In a GmbH, the shareholders' liability is limited to their contributions.
'Beschränkt' (limited/restricted) is the past participle of the verb 'beschränken' (to limit/restrict). The verb is derived from 'die Schranke' (the barrier). So to restrict something literally means to set a barrier or limit for it.
Der Zugang zum Archiv ist für die Öffentlichkeit beschränkt.
Access to the archive is limited for the public.
To indicate the limit or boundary, 'beschränkt' (limited) is very often used with the preposition 'auf' and the accusative. This pattern is very typical.
Die Redezeit ist auf fünf Minuten pro Person beschränkt.
Speaking time is limited to five minutes per person.
When 'beschränkt' (narrow-minded/stupid) describes a person, it is an insult and means 'dumm' (stupid) or 'engstirnig' (narrow-minded). You should use this word very carefully when referring to people, because it is strongly derogatory.
Seine Ansichten sind extrem beschränkt und intolerant.
His views are extremely narrow-minded and intolerant.
In business and legal contexts, 'beschränkt' (limited) is part of the fixed term 'Gesellschaft mit beschränkter Haftung' (limited liability company, GmbH). Here it refers to financial liability that is limited to the company's assets.
Viele kleine Unternehmen werden als Gesellschaft mit beschränkter Haftung gegründet.
Many small businesses are founded as limited liability companies.
limited
Begrenzt and beschränkt can both express a lack of intellectual openness. When used for people, beschränkt is clearly derogatory and often refers to a narrow outlook or limited intelligence. Begrenzt usually describes the restriction more objectively and is less directly insulting.

Im Streit nannte sie sein Denken beschränkt.
During the argument, she called his thinking narrow-minded.
Sein Denken ist in manchen Bereichen begrenzt.
His thinking is limited in some areas.