Our needs and wants are not limited but our resources are limited.
because human wants are unlimited
A shortage can be temporary or long-term, but scarcity always exists.
Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
Scarcity exiss in short run because the world's resources are in finite supply.
Economics seeks to solve the scarcity problem, which exists because resources are limited whereas needs and wants are unlimited.
A shortage can be temporary or long-term, but scarcity always exists.
Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
Scarcity exiss in short run because the world's resources are in finite supply.
Economics seeks to solve the scarcity problem, which exists because resources are limited whereas needs and wants are unlimited.
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.
Moral, responsible scarcity exists in abundance.
Scarcity
Economically speaking its scarcity
Scarcity
Under the broadest meaning, scarcity would mean that there are limits to our resources on this planet. A resource or a commodity that exists as a limited quantity would be said to be scarce.
Whenever we do not have enough resources to produce all the things we would like to have. ======================================================= There exists insufficient goods, products, for a society, people. Some say humans will, always, want more than resources can provide.