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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.
When demand exceeds the amount of resources what is the result called?
When demand exceeds the amount of resources, the result is called a shortage. This occurs when the quantity of a good or service available is insufficient to meet the desire for it, leading to unmet consumer needs. Shortages can lead to increased prices, competition for the limited resources, and potential market inefficiencies.
What is the study of how people use resources to meet their needs?
ECONOMICS
What is required to meet the changing wants and needs of people?
entrepreneurial resources
What is principle of economics?
How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
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.
Why is there a need for manufacturing?
Need of ManufacturingPeople need various kinds of goods. The resources are not available in the form that will meet the needs and wants of people. So you need a transformation of resources to meet the needs and Wants of Customers. The transformation process is called manufacturing. Brahmajyothi
Which two South American countries have sufficient energy resources to meet their needs?
These two South American countries have sufficient energy resources to meet their needs.
What is the study of how people use resources to meet their needs?
ECONOMICS
The study of how people use resources to meet their needs is?
Economics
Failure to meet your nutrient needs may result as a?
Failure to meet your nutrients needed may result in a deficiency disease.
What is required to meet the changing wants and needs of people?
entrepreneurial resources
What is principle of economics?
How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
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 conditions force organisms to compete in a struggle for existence?
High birth rates that lead to potentially large populations that require more resources than available to meet their needs.
What two South American countries have sufficient energy resources to meet their needs?
Brazil and Venezuela.
Are Natural resources any materials that humans obtain from the Earth to meet your wants and needs?
Natural resources are any materials that humans obtain from the Earth to meet our wants and needs.
