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What is the name given to organized decisions about distributing limited resources among unlimited needs and wants?

Anonymous

∙ 13y ago

Updated: 8/19/2019

allocation

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∙ 13y ago

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Related Questions

What is the name given to the organized decisions of distributing limited resources among unlimited needs and wants?

is the name given to the 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 a Post- scarcity economy there area limited resources for unlimited demands. By identifying such circumstances governments are better informed of how utilize resources without waste.

Are family resources unlimited?

Family resources are limited not unlimited.

What made a scarcity?

A scarcity is created when people have unlimited wants, or needs, but their resources are limited. When scarcity happens, many economic decisions must be made to efficiently allocate resources.

What is the study of how to meet unlimited wants and unlimited resources?

the study of how to meet unlimited wants and limited resources is economics.

What are examples of unlimited resources?

Renewable resources, like solar, wind and water power are examples of unlimited resources.

Do you have unlimited natural resources?

no

What are some examples of unlimited resources?

Examples of unlimited resources include sunlight, wind energy, and tidal energy. These resources are constantly replenished and will not run out, making them sustainable sources of energy. Additionally, knowledge and creativity are considered unlimited resources as they can grow and expand without constraints.

How is scarcity related to study of economics?

Economics at its heart is the study of decisions made in order to efficiently allocate resources. Scarcity refers to the lack of unlimited resources in regards to the three inputs of production, labor, land and capital.

example of unlimited resorces?

Creative mode in minecraft have unlimited resources

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.

How do you use energy resources in a sentence?

Our energy resources are not unlimited.

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