Resources are limited but needs
are unlimited explain?
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5
Answer:
Scarcity means limited or short supply. The definition by Lionel Robbins says that our resources are limited but humans need is unlimited. As a human we never get enough of things. ... Economics is defined as a study of resources to satisfy humans' unlimited wants.
Answered by
2
Answer:
Resources are the one which funfill our needs. Resources are limited but our wants or needs are unlimited. When one need satisfied, one need get ready. So, with a constant amount of resources we have, w eneed to control our needs.
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