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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.
What else can I help you with?
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 folllowing properties of economics results from the fact that people will always want more no matter how much is produced?
The property of economics that results from people always wanting more, regardless of production levels, is known as "unlimited wants versus limited resources." This fundamental concept highlights the perpetual nature of human desires, where individuals seek to fulfill their needs and wants continuously. As a result, scarcity becomes a central issue in economics, driving the need for efficient allocation of resources to address these insatiable demands.
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 output in economics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
Why is economics a required course for graduation?
Depends on your degree. Prior to college, almost always none; but you might have to take a few Economics courses while in college.
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
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 does chemical change always result in?
Chemical change always results in the formation of new substances with different chemical properties than the original substances. This can involve the rearrangement of atoms and the breaking or formation of chemical bonds.
Which rolling stones song is about economics?
You Can't Always Get What you Want....
Why properties prices always increase?
It is not always increasing.
Why Economists always talking about money and wealth?
Because that's what the study of economics is.
What is the meaning of properties of multiplication?
Properties of multiplications are statements about multiplication that are always true.
What do you think will happen if you always do what you always did?
If you always do what you have always done, the same thing that always happens will happen again. Only by changing your behavior will you get different results.
Why is economics a required course for graduation?
Depends on your degree. Prior to college, almost always none; but you might have to take a few Economics courses while in college.
A substance always has properties even though they are difficult to observe?
Yes, all substances have inherent properties such as mass, volume, and density. These properties may not always be easily observable without specialized equipment or techniques.
What is output in economics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
In Economics, what does scarcity mean?
Wants and desires will always exceed the resources available to fulfill them.
