answersLogoWhite

0

scarcity economics

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

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.


What is Finiteness of Resources?

It just means that there is only so much of it. If it was infinite it would be limitless. Finite resource in other words can be termed as a source by which people have taken 100% advantage and further it cannot be utilized.


What is the difference between absolute and limited salvation?

in my opinion there is no limited and unlimited salvation. absolute means there is no beginning or ending .


Is haiti a limited or unlimited?

Haiti has a limited government, which means the president of Haiti can not enforce or perform actions. Haiti is a territory of France.


Is tidal limited or unlimited supply?

Tidal energy is a renewable energy resource. This means that it will not run out.


What is the difference between limited liability and unlimited liability company?

A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.


What is the difference between limited and an unlimited government?

Limited means a gov't restricted by a constitution or any other written doctrine while an unlimited gov't is one without any type of constitution or comparable documents.


How can you use limited government in a sentence?

The concept of limited government means less infringement on individual rights and the economy.


Why non renewable resources are limited?

they are limited because they will sometime run out. Nonrenewable means it will run out someday


The concept of total war means that?

it involved a complete mobilization of resources and people.


Which is the biggest value in numbers?

There is no biggest value. Numbers go on and on. Forever. However, there is a concept called infinity, which means without limit. It is not a number, but a concept that is unlimited in magnitude.


What is Difference between limited liability company and limited liability company?

A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.