answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What the meaning of virtually unlimited resources to satisfy unlimited wants?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Meaning of economics by Andres Castillo?

Study on how human deals with his limited resources to satisfy his unlimited wants and needs.


How do you we satisfy unlimited wants with limited resources?

ferns


What are the solutions of human wants are unlimited?

The solution of unlimited human wants are unlimited resources to satisfy those wants. Unfortunately, resources are limited and they will always be limited in comparison.


How do you satisfy unlimited wants with limited resources?

How do you make choices from limited resources?


What is the study of how people use their limited resources to satisfy their unlimited wants?

Economics.


How do individuals satisfy their unlimited wants in a world with limited resources?

Obviously they can't and don't


The study of how individuals and governments allocate scarce resources in an attempt to satisfy unlimited wants is?

Economics


The economizing problem is one of deciding how to make the best use of?

-limited resources to satisfy virtually unlimted wants


When the economist says that economic wants are insatiable this means that?

It means that there are limited resources to satisfy the unlimited wants of individuals.


Why do economists need to find the answer to all three of the basic questions?

There are not enough resources to satisfy people's seemingly unlimited wants.


What is thes study of human efforts to satisfy seemingly unlimited wants through the use of limited resources called?

Economics


What is the topic of scarcity?

Scarcity is a basic economic problem that stems from unlimited wants and limited resources to satisfy the numerous wants.