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What is the imbalance between unlimited wants and limited resources available to satisfy those wants called?
Wiki User
∙ 9y ago
the problem of scarcity -
resources are scarce, wants are unlimited, therefore people are faced with opportunity costs (forgoing wants because they can only achieve some of their wants)
Wiki User
∙ 9y ago
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The conflict between unlimited desires and limited resources in government is?
The Answer is Not In Government It Is In Scarcity. Scarcity is the limited resources amd unlimited desires
Which economic principle describes the imbalance between what people want and what can b produced?
The laws of supply and demand that result from scarcity.
What is the relationship between unlimited human want and limited resources?
Supply and Demand
What are recurring wants?
It is a basic problem of economics: There are limited economic resources (land, raw material, labour, capital and intellect.) to meet with unlimited and recurring wants. We have to make choice between available aternate resources to meet with these recurring wants.
What is the difference between limited resources and unlimited wants?
limited is having little sex. unlimited is having sex every single day.
What apparent contradiction between limited resources and unlimited wants?
Explain the apparent contradiction between limited resources and unlimited wants.
The conflict between unlimited desires and limited resources in government is?
The Answer is Not In Government It Is In Scarcity. Scarcity is the limited resources amd unlimited desires
Which economic principle describes the imbalance between what people want and what can b produced?
The laws of supply and demand that result from scarcity.
What is the relationship between unlimited human want and limited resources?
Supply and Demand
What are recurring wants?
It is a basic problem of economics: There are limited economic resources (land, raw material, labour, capital and intellect.) to meet with unlimited and recurring wants. We have to make choice between available aternate resources to meet with these recurring wants.
What is the difference between limited resources and unlimited wants?
limited is having little sex. unlimited is having sex every single day.
What is the relationship between natural resources and recycling?
Recycling reduces the amount of natural resources that must be used. That in turn leave more natural resources available for the future.
What is the difference between limited and unlimited company?
difference between limited and unlimited companies
Explain the economic problems between the city dweller and the farmers?
Scarcity is our limited resources but unlimited wants. Our resources are limited by the 4 factors of production - land, labour, capital and enterprise. The problem of scarcity is that our wants are always beyond what we can produce with our resources. porn
What was one of the major differences between the resources available in the Americas and those in Asia and the Mediterranean?
the location
What is one difference between culture today using available resources and prehistoric culture using available resources?
One key difference is the level of technology available. Modern culture has access to advanced technologies and tools that prehistoric cultures did not have, allowing for more efficient use of resources and higher productivity. Additionally, modern culture has a more complex infrastructure and global trade networks that enable access to resources from around the world.
How did west Africa's vegetation zones affect what trades goods were available?
1. It affected them because only certain resources were available in each region and this varied where you went in between vegetation zones.
