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What issue results from the combination of limited resources and unlimited wants?
Wiki User
∙ 8y ago
The economic concept of Scarcity is where humans have unlimited needs and wants, but the world has limited resources to meet all those demands.
Wiki User
∙ 14y ago
Wiki User
∙ 7y agoembargo
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What are the Basic Economic Problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
What is the contition that results because wants are unlimited?
Scarcity
What are the three basic economic problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
What Is the capital that fuels outstanding quality results?
Investment in human resources.
When desired results are achieved with minimal expenditure of resources the healthcare services are considered to be?
cost-effective
What is the contition that results because wants are unlimited?
Scarcity
What is the condition that results because wants are unlimited?
needs
What are the Basic Economic Problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
What are the three basic economic problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
One of the results of the rapid use of natural resources is that?
there are fewer resources available.
One of the results of the rapid use of natural resources is tha?
there are fewer resources available
When more orginasims move into a ecosystem and use more resources the results are?
Shortage of resources.
What are some results of organism competition for limited resources within the environment?
Depending on which organism has the advantage that one will survive and the other species will die off and become extinct unless it finds a new niche.
2 Provide an example when you approached your work with a mindset of having limited resources or time Please include details of the context the action you took and the results that were achieved?
I have better things to do than answering this stupid question!!!
What were the results of the glorious revolution in England?
formation of a limited monarchy
How can you get unlimited coins on horseland?
dont think you can :( I have been looking for ways to get more money, but negative results.
What is the limited usage of first person?
you can drink after the drug screen or when you get the results!
