0
The condition that exists wants exceed the available resources?
Wiki User
∙ 12y ago
Scarcity
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
The basic economic condition that exists when unlimited wants exceed limited productive resources is called?
Scarcity
What relationships exists when the available resources within an environment are limited?
competition!
What can result when the available resources do not meet the needs?
When the Supply of resources does not match or exceed the Demand, Prices rise. In the long run, either the Supply must increase, or Demand decreased in order to maintain Economic Balance without runaway Inflation.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
The basic economic condition that exists when unlimited wants exceed limited productive resources is called?
Scarcity
What relationships exists when the available resources within an environment are limited?
competition!
What can result when the available resources do not meet the needs?
When the Supply of resources does not match or exceed the Demand, Prices rise. In the long run, either the Supply must increase, or Demand decreased in order to maintain Economic Balance without runaway Inflation.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
What is exceed arrangement in account?
Presenting more than amount exists in account
Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?
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.
Human wants are satisfied by A Consumers B Available Resources C Economic Systems D God?
Not (A) 'Consumers', because consumers are the humans who have needs and wants.(B) Available resources are used to meet human needs.(C) Economic systems are used to provide and distribute available resources.Not (D) God, because, if he exists there is no evidence that he has ever provided for human wants, other than through available resources and our own economic systems.So the answer is thathuman wants are satified by available resources, assisted by the economic system. Those who choose to do so can see God play an unseen and unprovable role in the distribution of available resources.
What responsibility exists to make IoT technologies available to all?
What responsibility exists to make IoT technologies available to all
Is it unacceptable to code an impending condition as if it exists?
Yes
Do virus exists?
yes if its not a available suite
What exists when a society does not have all the resources that everyone wants?
Economically speaking its scarcity
