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Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?

Anonymous

∙ 11y ago

Updated: 8/22/2023

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.

Wiki User

∙ 11y ago

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The conflict between unlimited desires and limited resources in government is?

The Answer is Not In Government It Is In Scarcity. Scarcity is the limited resources amd unlimited desires

Scarcity always exists because?

Our needs and wants are not limited but our resources are limited.

Scarcity exists because there is a limited supply of?

Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants

How could unlimited wants and limited resources be called?

Scarcity

What are limited quantities of resources to meet unlimited wants?

Scarcity

Related Questions

Why does scarcity alway exist?

Because there unlimited wants but limited resources.

The conflict between unlimited desires and limited resources in government is?

The Answer is Not In Government It Is In Scarcity. Scarcity is the limited resources amd unlimited desires

Scarcity always exists because?

Our needs and wants are not limited but our resources are limited.

Scarcity exists because there is a limited supply of?

Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants

How could unlimited wants and limited resources be called?

Scarcity

What are limited quantities of resources to meet unlimited wants?

Scarcity

What occurs when there when there are limited resources but unlimited wants and needs?

Scarcity

What is known as scarcity scarce?

Limited resources/Unlimited wants.

In economics which term describes a situation in which there are limited resources and unlimited needs and wants?

When there are limited resources and unlimited need and wants, this is called scarcity. Because of scarcity, plans must be put in place to make sure the available resources are allocated in the most efficient way.

What is the component of scarcity?

The various components of scarcity include limited resources and unlimited human wants.

What concept comes about when you have unlimited wants as well as limited resources?

scarcity

The concept of comes about when you have unlimited wants as well as limited resources?

Scarcity

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