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A nation will never have enough resources to satisfy the wants and needs of the people.?
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∙ 6y ago
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Cortney Runolfsdotti...
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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:
What is the study of how people manage their limited resources to satisfy their wants and needs?
economics
Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
Why does scarcity exist in an economy?
*there are not enough resources to produce everything people want*
Why is economics often described as the science of constrained choice?
As we all know, goods and services are things that really satisfy human wants and needs but the resources are very limited. There are not enough products available to satisfy people's needs and wants (Scarcity). and by that scarce, consumer needs to take the optimal and a efficient economic decisionto somehow satisfy their needs and wants. Moreover, no matter how much we make, someone will always want more, and that means scarcity will always exists, but also can be minimize.
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:
Why do economists need to find the answer to all three of the basic questions?
There are not enough resources to satisfy people's seemingly unlimited wants.
How do people use the resources of the environment?
People use the resources of the environment to satisfy their needs
What is the study of how people use their limited resources to satisfy their unlimited wants?
Economics.
What is the study of how people manage their limited resources to satisfy their wants and needs?
economics
What means there is not enough of something to meet all of people's wants and needs?
Scarcity occurs when there are limited resources available to meet unlimited wants and needs. This leads to competition for resources and forces individuals and societies to make choices about how to allocate those resources efficiently.
What is the name given to the skills and talents of the people of the nation?
Human Resources
What name is given to the skills and talents of the people of a nation?
Human Resources
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.
Are there enough resources to satisfy the total desires of a nation?
The Worldwatch Institute, which produces the annual Stateof the World report says: "The myth persists today that hunger results from scarce food supplies," . . . "The reality is that hunger is the product of human decisions . . . Whether people have a decent livelihood, what status is accorded to women, and whether governments are accountable to their people-these have far more impact on who eats and who does not than a country's agricultural endowment does."
What did the Assyrians do when they conquered a nation?
The people of this time took the conquered people as slaves, killed them, and burned resources.
Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
