What is the difference between limited resources and unlimited wants?
limited is having little sex. unlimited is having sex every single day.
What is the name given to organized decisions of distributing limited resources among unlimited needs and wants?
The name given to the organized decisions of distributing limited resources among unlimited needs and wants?
In economics which term describes a situation in which there are limited resources and unlimited needs and wants?
What is the imbalance between unlimited wants and limited resources available to satisfy those wants called?
The social science that studies the distribution of limited resources to satisfy unlimited wants is known as?
Population growth is limited in ecosystems because of lack of resources. If there were unlimited resources, a population would grow exponentially. For example, if a single bacterium were placed in a petri dish and was given unlimited resources, it would multiply to cover the entire world within several days. Unfortunately, resources are limited, so populations are too. I hope this helps.
Limited and unlimited liability differ from one another significantly. Limited liability is an ownership in a business where one contributes certain funds but, if the company were to go under, the individual would not lose all of their assets. Unlimited liability is when one essentially goes in all or nothing within their business. If the business fails, the individual's personal assets are also at stake.
It is the difference between proprietorship firm and a company. In a sole trading company, the risk and rewards are unlimited and solely rests with the proprietor. In a limited company, the owner can not lose more than his contribution to the capital irrespective of the size of the loss of the company.
A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation…