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When consumers needs and wants are greater than the resources available to satisfy them?
Wiki User
∙ 11y ago
Scarcity.
Wiki User
∙ 11y ago
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Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
How does scarcity impact personal financial decisions making?
Consumers must make trade-offs to buy what they need. Scarcity happens when the needs and wants of the people exceed available resources (land, labor and capital). It happens in every economy. As a result, people make trade-offs to get what they need. Consumers make decisions to give up one want/need to satisfy another.
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.
How do you we satisfy unlimited wants with limited resources?
ferns
Not having enough resources to satisfy every need?
scarcity
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
How does scarcity impact personal financial decision?
Consumers must make trade-offs to buy what they need. Scarcity happens when the needs and wants of the people exceed available resources (land, labor and capital). It happens in every economy. As a result, people make trade-offs to get what they need. Consumers make decisions to give up one want/need to satisfy another.
How does scarcity impact personal financial decision-making?
Consumers must make trade-offs to buy what they need. Scarcity happens when the needs and wants of the people exceed available resources (land, labor and capital). It happens in every economy. As a result, people make trade-offs to get what they need. Consumers make decisions to give up one want/need to satisfy another.
How does scarcity impact personal financial decisions making?
Consumers must make trade-offs to buy what they need. Scarcity happens when the needs and wants of the people exceed available resources (land, labor and capital). It happens in every economy. As a result, people make trade-offs to get what they need. Consumers make decisions to give up one want/need to satisfy another.
Is there a book of Plato quotes?
I'm sure there is a book of Plato quotes and if there isn't there will be resources online and in the library that can satisfy this need. Quotes are easily available.
What products and services that satisfy the needs and wants of target customer?
maybe money can satisfy the consumers because they can buy what they want and their needs
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.
How do people use the resources of the environment?
People use the resources of the environment to satisfy their needs
How do you we satisfy unlimited wants with limited resources?
ferns
What do companies call a set of benefits that they promise to consumers to satisfy their needs?
Value.
Why is resources scarce?
The amount of land available cannot satisfy the needs and wants of everyone. this is because population increases yet land stays the same. therefore it is scarce.
Not having enough resources to satisfy every need?
scarcity
