0
wants are unlimited while resources are limited.
this is also the basic economic problem.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Economics is a sciene that analyzes what?
economics is the social science that deals with how the society allocates its scarce resources among its unlimited wants and needs
Economics define as limited quantities to meet unlimited wants?
Scarcity
Definition of economics by bernardo villegas?
Economics is the science of allocating scarce resources to satisfy man's unlimited, multiple, competing wants and needs.
Which of thes is most closely related to the theme of economics?
"Scarcity and Efficiency" is an example of a theme that is closely related to the theme of economics. Economics is the social science that satisfies the unlimited wants with very scarce resources.Ê
The study of how individuals and governments allocate scarce resources in an attempt to satisfy unlimited wants is?
Economics
What is the study of how to meet unlimited wants and unlimited resources?
the study of how to meet unlimited wants and limited resources is economics.
What concept means to have unlimited wants with limited resources?
scarcity economics
Economics is a sciene that analyzes what?
economics is the social science that deals with how the society allocates its scarce resources among its unlimited wants and needs
What is the study of how people use their limited resources to satisfy their unlimited wants?
Economics.
Economics define as limited quantities to meet unlimited wants?
Scarcity
What is the fundamentals of economics?
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
Definition of economics by bernardo villegas?
Economics is the science of allocating scarce resources to satisfy man's unlimited, multiple, competing wants and needs.
Which of thes is most closely related to the theme of economics?
"Scarcity and Efficiency" is an example of a theme that is closely related to the theme of economics. Economics is the social science that satisfies the unlimited wants with very scarce resources.Ê
The study of how individuals and governments allocate scarce resources in an attempt to satisfy unlimited wants is?
Economics
If resources were unlimited and freely available isn't there would be no subject called economics?
LOL, I suppose not:)
How is economics often described?
Economics is often described as a body of knowledge or study that discusses how a society tries to solve the human problems of unlimited wants and scarce resources.
In economics identify 4 scarce resources and how do you reconcile something limited against somethig unlimited?
scarcity
