Nobody has unlimited wants: nobody wants infinite amounts of potatoes or light bulbs or toilet paper, for instance. It is perfectly possible to produce enough for everyone’s needs, so no-one need be hungry or homeless.
there is scarcity that cannot be eliminated
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
economics is a science of scarcity
scarcity
scarcity
there is scarcity that cannot be eliminated
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
economics is a science of scarcity
scarcity
scarcity
Scarcity
scarcity
scarcity
scarcity
scarcity
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
Scarcity A+ sucks TAO