A downward spiral of heavier short and long-term debt and less and less personal satisfaction and happiness.
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wants are unlimited while resources are limited. this is also the basic economic problem.
unlimited wants
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of economics.
Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited.
wants are unlimited while resources are limited. this is also the basic economic problem.
unlimited wants
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of economics.
Scarcity is our limited resources but unlimited wants.The problem of scarcity is that our wants are always beyond what we can produce with our resources.
Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited.
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. ...
Scarcity is a basic economic problem that stems from unlimited wants and limited resources to satisfy the numerous wants.
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
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
Meaning: To want something that has no limit to it. Example: Moneyis unlimited, and many people may want more of it for varius reasons.