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What best explains why the games of economics cannot eliminate scarcity?
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∙ 6y ago
No matter how much supply is produced, people's demands will always increase to exceed supply.
Brennan Jacobs
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Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
What explains why scarcity cannot be eliminated?
No matter how much is produced, people will always want more.
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
What are best explains why all goals cannot be met in economics?
Some goals are incompatible with each other.
Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
What explains why scarcity cannot be eliminated?
No matter how much is produced, people will always want more.
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
What are best explains why all goals cannot be met in economics?
Some goals are incompatible with each other.
Which of the following explains why scarcity cannot be eliminted?
No matter how much supply is produced, people's demands will always increase to exceed supply. apex (:
What is scarcity?
The noun 'scarcity' is a word for not enough to satisfy what is needed; the resources are finite, cannot meet the need, which is infinite.
Scarcity can be eliminated if?
The resources of the planet are used to meet human need, rather than wasted on the money system, law enforcement and wars. It would be straightforward to grow enough food to feed everyone, but there is not enough profit in doing so. Nobody has unlimited wants.
How can economic growth eliminate scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite. Egoism and its 'rational' variant 'capitalism' have a very simple basic principle (per definition; a priori). This basic makes it easy to defend 'economic growth'. The argument is: I just take my share, but don't be afraid, a couple of billions might seem madness in common sense, but after some 'rational growth' and the 'rational' 'inflation' there are 'rational' billions for others too
Introduction to micro economics?
Economics is a social science which study how human being make choice to use scarce or limited resources to satisfies their unlimited choices. The word economics has been derived from two Greek words '' oikos ' means household and 'Nemien' means management.Thus the economics means management of household wants of each people are unlimited but most of the means to satisfies them like food and cloth etc are limited or scarce.Thus faced with scarcity people while managing the household must make choice people cannot have every things that they wants.So they have to choose among the available alternatives because scarcity forces people to choose. The economics is sometimes called science of choice science that explain the choice that people make and predicts how changes in circumstances affect their choices.
Is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
