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No.Our Resources are scarce whereas human wants are unlimited.we will always have to make choices that is opportunity cost will always arise.
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People whose needs and wants are satisfied are called what?
People whose needs and wants are satisfied are called consumers. I HOPE THIS HELPS YOU!!
How will you choose the economic wants to be satisfied?
i like licking
What is the first major decision made in an economy?
how can wants be satisfied
What are the characteristics of basic wants?
The recurrent, that is, they occur again and again eg food, clothes. Some wants are complementary as they go with other wants eg petrol is complementary of a car and as socks are to shoes. Other is competitive which means that income is limited; therefore not all wants can be satisfied. They compete with each other to be consumed by the individual. All wants are unlimited; they are never completely satisfied. When one want is satisfied, another takes its place. Wants are also changeable meaning that they can change over time.
Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
Can human wants ever be full satisfied?
no
People whose needs and wants are satisfied are called what?
People whose needs and wants are satisfied are called consumers. I HOPE THIS HELPS YOU!!
Are wants and needs the same According to Maslov?
Wants and needs are not the same. According to Mazlow, needs are basic things for human survival and are lower on the heirarchy than wants which can only be satisfied after needs are satisfied.
How will you choose the economic wants to be satisfied?
i like licking
Of what benefit to business are satisfied customers?
satisfied customers are more likely to purchase products repeatedly. Furthermore, satisfied customers are more likely to relate positive word-of-mouth to friends and acquaintances
What is the first major decision made in an economy?
how can wants be satisfied
Why aren't we ever satisfied with the things we have?
Many people are entirely satisfied with what they have. Those who are not are considered greedy. However, the exact cause of this is not known. It may be that such greediness is an evolutionary trait; gaining more than what you have makes you more likely to succeed at getting what you need.
What commandment wants us to be satisfied with your own expressions?
The seventh commandment
What are most public wants satisfied?
local, state, and federal government
What are the characteristics of basic wants?
The recurrent, that is, they occur again and again eg food, clothes. Some wants are complementary as they go with other wants eg petrol is complementary of a car and as socks are to shoes. Other is competitive which means that income is limited; therefore not all wants can be satisfied. They compete with each other to be consumed by the individual. All wants are unlimited; they are never completely satisfied. When one want is satisfied, another takes its place. Wants are also changeable meaning that they can change over time.
Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
What is the fundamental fact of life from which all economic problems arise?
wants cannot be satisfied.
