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What is the difference between limited resources and unlimited wants?

limited is having little sex. unlimited is having sex every single day.


How does scarcity force us to make choices?

Scarcity forces us to make choices because every individual have unlimited wants to satisfy. And no one can have everything that they desire, as supplies and resources are limited.


What is the household sector?

The household sector includes the entire population of society. It includes all of the consumption-seeking members of society--the entire population. It IS society. In effect, the economy exists to satisfy the wants and needs of the household sector.Members of the household sector also own all of the factors of production, all resources. Every resource, every worker, every factory, every acre of land, every risk-taking entrepreneur is owned by someone in the household sector. This means that the other two domestic sectors--business and government--exist to satisfy the wants and needs of the household sector.


In every economic system choices must be made because resources are?

In every economic system, choices must be made because resources are limited or scarce relative to human wants and needs. This scarcity necessitates prioritization and trade-offs, as societies must decide how to allocate resources effectively to satisfy various demands. Consequently, choices reflect the values and priorities of individuals and communities, influencing production, consumption, and distribution. Ultimately, the manner in which these choices are made shapes the overall economic structure and outcomes.


How much do Indian farmers make?

Not enough, I work every day and I do not get payed enough!

Related Questions

When there are enough resources for every living thing in an ecosystem the ecosystem is?

balanced


When there are enough resources for every living thing in an ecosystem the ecosystem is .?

balanced


When there are enough resources for every living thing in an ecosystem?

When there are enough resources for every living thing in an ecosystem, it is called ecological balance. This balance allows different species to thrive without depleting resources or causing harm to the environment. It is essential for the overall health and sustainability of the ecosystem.


What is the difference between limited resources and unlimited wants?

limited is having little sex. unlimited is having sex every single day.


Does Peru have enough fresh water?

no it doesn't have enough water, lots of people die every day from not having any water


When should cats stop having kittens?

SPAY YOUR CAT!! They shouldn't be having kittens! There are enough unwated kittens in shelters every year that have to put to sleep. PLEASE SPAY YOUR CAT OR MAKE SURE THAT YOU HAVE ENOUGH HOMES FOR EACH AND EVERY ONE OF THEM!


What is human and non-human resource?

Human Resources refer to the people and their skills that are used to produce goods and services and make up the workforce of a company. Every person who works at a company is part of that company's human resources. Non-Human Resources are the inanimate objects or abstract objects (like time or money) that help satisfy the company's goals. They are the things that satisfy man's needs and can be harnessed to create wealth and are easily recognized.


How does scarcity force us to make choices?

Scarcity forces us to make choices because every individual have unlimited wants to satisfy. And no one can have everything that they desire, as supplies and resources are limited.


Why dont beat strong women their men enough?

I don't know but most of their men afraid of their women alot and don't argue with them and obey every things their women order and try hard to satisfy them


Will your ex miss you if he finished it?

As an Ex who ended it, yes, he will miss you. Every day. Every hour. Every minute. But, having felt he had a good enough reason to end it, all the missing in the world may not be enough to make him come back. Move on when you can.


What is Beastilty?

Beastiality is the use of animals by humans to satisfy a sexual fetish.This is illegal in most places in the US, immoral, and abusive to animals.It is wrong in every possible way.


Why an empty set is a subset of every set?

An empty subset is a part of every set because it is necessary to satisfy the equation of subsets which is 2n. n= (number of elements). Therefore, an empty set is required to satisfy the formula of subsets.