Human wants are unlimited but means to satisfy them are limited or sca

1.	Human wants are unlimited but means to satisfy them are limited or scarce Comment.
Answer» Answer: SINCE human wants are unlimited, and resources used to satisfy those wants are limited - there is scarcity. ... There is always scarcity, because human wants are unlimited. This then brings use to a third important idea: Because of scarcity we MUST MAKE CHOICES. Some economists CALL this the "economizing PROBLEM".

Human wants are unlimited but means to satisfy them are limited or scarce Comment.

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SINCE human wants are unlimited, and resources used to satisfy those wants are limited - there is scarcity. ... There is always scarcity, because human wants are unlimited. This then brings use to a third important idea: Because of scarcity we MUST MAKE CHOICES. Some economists CALL this the "economizing PROBLEM".

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Human wants are unlimited but means to satisfy them are limited or scarce Comment.