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How do you we satisfy unlimited wants with limited resources?
ferns
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.
When the economist says that economic wants are insatiable this means that?
It means that there are limited resources to satisfy the unlimited wants of individuals.
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
What must business provide to consumers in order to satisfy their wants and needs?
goods and services
How do you we satisfy unlimited wants with limited resources?
ferns
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.
What is the study of how people use their limited resources to satisfy their unlimited wants?
Economics.
Why is there such a wide variety of desired goods and services?
people have unlimited needs and wants, economics change over time, products are improved to satisfy consumers needs and wants because of the diversity of goods wanted this is why such a wide variety of goods is in the market.
When the economist says that economic wants are insatiable this means that?
It means that there are limited resources to satisfy the unlimited wants of individuals.
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
How do individuals satisfy their unlimited wants in a world with limited resources?
Obviously they can't and don't
What is the topic of scarcity?
Scarcity is a basic economic problem that stems from unlimited wants and limited resources to satisfy the numerous wants.
What must business provide to consumers in order to satisfy their wants and needs?
goods and services
What is the marketing effort done for?
The aim of the marketing effort is to satisfy the needs and wants of consumers
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
The study of how individuals and governments allocate scarce resources in an attempt to satisfy unlimited wants is?
Economics
