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What exists when a society does not have all the resources that everyone wants?
Wiki User
∙ 12y ago
Economically speaking its scarcity
Wiki User
∙ 12y ago
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Why does Canada exist?
This may be hard to believe, but not everyone wants to be American! Canada exists because the French and the British retained control of it, and when they left, the Canadians were happy to become their own nation.
What is meant by economizing behavior?
Economics is about making efficient uses of scarce resources. This is about learning how people in their daily lives make decisions of allocating scarce amount of resources - time and budget - they possess, to meet their numerous desires.At occasions many of you may have wished you had more income and more time. For example, during finals students wish they had more time to prepare for exams. Unfortunately, income and time are not plenty, they are scarce. But, the number of wants that one seeks to satisfy from his/her limited income or time are numerous or unlimited. The scarcity of resources, therefore, forces everyone to make choices from their long list of wants.
Why doesn't Joe allow Janie to attend the mule's funeral?
he wants to be in charge of her and prove to everyone that he "owns" her.
What are the release dates for Renegade Cut - 2012 Everyone Wants Die Hard Except Die Hard 3-2?
Renegade Cut - 2012 Everyone Wants Die Hard Except Die Hard 3-2 was released on: USA: 23 January 2014
What are some of the resources found in Canada that the rest of the world wants to buy?
Oil, trees, potash, fish, agriculture, natural gas.
The condition that exists wants exceed the available resources?
Scarcity
Scarcity always exists because?
Our needs and wants are not limited but our resources are limited.
Scarcity exists because there is a limited supply of?
Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants
Why do resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants.
Why resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants.
The basic economic condition that exists when unlimited wants exceed limited productive resources is called?
Scarcity
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
Is it true scarcity exists because there are limited resources to meet unlimited wants and needs?
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
what role do entrepreneurs play in the economic decisions a society makes?
They organize resources to try to meet a society's wants and needs.
Which best answer explains why resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants
Which best explains why resources need to allocated in the game of economics?
Resources must be allocated because there are not enough resources to produce all of the goods and services that everyone wants.
What is it called when wants are greater than your resources?
Reality. Most everyone wants more than they can have. This is how and why most wars start. The trick is to be content with what you have.
