Economic
true
economics
The way a nation determines how to use its resources to satisfy its people's needs and wants is called:
economics
Economic
true
economics
The way a nation determines how to use its resources to satisfy its people's needs and wants is called:
economics
economic system
Economics.
It provides products to satisfy your needs and wants.
People satisfy their wants and needs by making choices on how to allocate their limited resources such as time, money, and energy. This involves prioritizing between different needs and wants, budgeting resources efficiently, and making trade-offs to maximize satisfaction. By managing their resources wisely, individuals can work towards fulfilling their needs and achieving their desired outcomes.
Countries engage in international trade to satisfy the wants or needs of the people.
maybe money can satisfy the consumers because they can buy what they want and their needs
To satisfy human "wants" and not "needs"