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No matter how much is produced, people will always want more.
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What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
Which of the following explains why scarcity cannot be eliminted?
No matter how much supply is produced, people's demands will always increase to exceed supply. apex (:
Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
What best explains why the games of economics cannot eliminate scarcity?
No matter how much supply is produced, people's demands will always increase to exceed supply.
Scarcity can be eliminated if?
The resources of the planet are used to meet human need, rather than wasted on the money system, law enforcement and wars. It would be straightforward to grow enough food to feed everyone, but there is not enough profit in doing so. Nobody has unlimited wants.
What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
Which of the following explains why scarcity cannot be eliminted?
No matter how much supply is produced, people's demands will always increase to exceed supply. apex (:
Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
What best explains why the games of economics cannot eliminate scarcity?
No matter how much supply is produced, people's demands will always increase to exceed supply.
What is scarcity?
The noun 'scarcity' is a word for not enough to satisfy what is needed; the resources are finite, cannot meet the need, which is infinite.
Scarcity can be eliminated if?
The resources of the planet are used to meet human need, rather than wasted on the money system, law enforcement and wars. It would be straightforward to grow enough food to feed everyone, but there is not enough profit in doing so. Nobody has unlimited wants.
What properties of economics results from the fact that people will always want more no matter how much is produced?
That’s not a fact, it’s a fantasy. There are obvious limits to the amount of food, shoes, CDs etc than people can want.
Which of the following explains why scarcity is a basic fact of life?
demand will always be greater than supply
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Why is scarcity the basic problem in economics?
Where resources are finite, or require active distribution, they can become unavailable in the quantities needed or desired, at least in some locations. Scarcity (a lack of sufficient supply) can strongly influence changes in an economy, especially scarcity of vital resources such as food, clothing, and housing. Scarcity can be eliminated through technology. All matter in the universe came from somewhere. What may be considered scarce or in limited supply such as raw materials is only a reality because of our lack of discovery or ingenuity. Our current dilemma of scarcity as perceived in an economic paradigm is simply a natural flaw of that paradigm. Therefore, scarcity is truly a matter of perception.
