unlimited needs

Is The Social Science That Involves The Use Of Scarce Resources To Satisfy Unlimited Wants?

by

Is The Social Science That Involves The Use Of Scarce Resources To Satisfy Unlimited Wants? Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants. What is meant by scarce resources and unlimited wants? One of the defining features of economics is scarcity, which deals with how

What Is It Called When We Have Limited Resources And Unlimited Wants?

by

What Is It Called When We Have Limited Resources And Unlimited Wants? scarcity. the conflict between unlimited wants and limited resources; also referred to as the basic economic problem. unlimited wants. wanting everything; the natural and necessary desire of people in capitalism to want every product available and even products that are not available. What