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Which of the following explains why scarcity cannot be eliminted?
Wiki User
∙ 12y ago
No matter how much supply is produced, people's demands will always increase to exceed supply.
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Wiki User
∙ 12y ago
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Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
What explains why scarcity cannot be eliminated?
No matter how much is produced, people will always want more.
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.
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
What explains why scarcity cannot be eliminated?
No matter how much is produced, people will always want more.
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 scarcity?
The noun 'scarcity' is a word for not enough to satisfy what is needed; the resources are finite, cannot meet the need, which is infinite.
Which of the following best explains why goals are necessary for making allocation decisions?
The available resources cannot be used to pursue every goal that each individual has.
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
What best explains why the us government placed restrictions on Asian immigration through Angel Island?
please clarify. when you ask "which of the following" you have to give us the choices that followed or we cannot answer.
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
What is scarcity and how does it affect consumers?
Scarcity is when someone cannot provide a product or service because they have not the required resources or time to produce such a thing. It affects consumers because they cannot have the product or produce this service and are therefore in SCARCITY.
Why do economists say that even rich people face scarcity?
The rich experience scarcity because resources are limited in quantity. For example, one cannot employ 200B people because the population is not enough.
What word explains benefits that cannot be given a monetary value?
"Intangible"
