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Scarcity always exists because?
Our needs and wants are not limited but our resources are limited.
What is the law of scarcity in economics?
Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. ...
Meaning of economics by Andres Castillo?
Study on how human deals with his limited resources to satisfy his unlimited wants and needs.
What occurs when there when there are limited resources but unlimited wants and needs?
Scarcity
What are the Basic Economic Problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
Scarcity always exists because?
Our needs and wants are not limited but our resources are limited.
What is the law of scarcity in economics?
Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. ...
Meaning of economics by Andres Castillo?
Study on how human deals with his limited resources to satisfy his unlimited wants and needs.
What the needs of a grasshopper?
There are many needs that a grasshopper needs to fulfill. These needs include but are not limited to food and water.
What is a good title for an essay about religion as projections of human needs?
"Divine Reflections: Religion as Manifestations of Human Needs"
Does the human body have a limited memory space?
Yes, the human brain does have limited memory, but that memory is the capacity of hundreds of thousand-petabyte computers.
Why is the number of eggs in human female limited?
Human females are born with all of the eggs they will ever have. Since they are not created as time passes, the number has to be limited.
What would are lives be like if you did not have human needs?
Very peaceful, ask any rock. (It has no human needs.)
How is human motivation governed?
Human motivation governed by the Maslow's hierarchy of needs. 1. Psychological needs. 2.Security needs. 3.Social needs. 4.Esteem or ego needs. 5. Self actualisation needs.
What occurs when there when there are limited resources but unlimited wants and needs?
Scarcity
What are the Basic Economic Problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
What are the solutions of human wants are unlimited?
The solution of unlimited human wants are unlimited resources to satisfy those wants. Unfortunately, resources are limited and they will always be limited in comparison.
