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The study of the choices people make in an effort to satisfy their wants and needs is called?
economics
Which subjects studies the choices people make in an effort to satisfy their wants and needs?
Economics.
What is the study of how people seek to satisfy their needs and wants by making choices?
Economics
What is the study of how people manage their limited resources to satisfy their wants and needs?
economics
A nation will never have enough resources to satisfy the wants and needs of the people.?
true
The study of the choices people make in an effort to satisfy their wants and needs is called?
economics
Which subjects studies the choices people make in an effort to satisfy their wants and needs?
Economics.
What is the study of how people seek to satisfy their needs and wants by making choices?
Economics
How people satisfy their wants and needs by managing their limited resources?
People satisfy their wants and needs by making choices on how to allocate their limited resources such as time, money, and energy. This involves prioritizing between different needs and wants, budgeting resources efficiently, and making trade-offs to maximize satisfaction. By managing their resources wisely, individuals can work towards fulfilling their needs and achieving their desired outcomes.
What is the study of how people manage their limited resources to satisfy their wants and needs?
economics
A nation will never have enough resources to satisfy the wants and needs of the people.?
true
Explain the concept of scarcity in relation to oppotunity cost?
Scarcity is the concept of finite resources in a world of infinite needs and wants. Economics assumes people are greedy and always haveneeds and wants. However, there is only a certain amount of most goods.Therefore, people are forced to choose among their needs and wants,because Mother Nature does not satisfy our needs and wants infinitely.Scarcity encompasses these choices.
The concept of scarcity force's people to?
Scarcity of resources forces people to make choices between a number of options available to us everyday. People are forced to chose which of their needs & wants they want to satisfy and which desires will they leave.
What is the way people use resources to meet their wants and needs?
The way a nation determines how to use its resources to satisfy its people's needs and wants is called:
Economic products designed to satisfy people's wants and needs are called?
economic system
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
Which of the following is a true statement about international trade?
Countries engage in international trade to satisfy the wants or needs of the people.
