) Wants are unlimited b) Means are limited c) Wants are not gradable d) Means have alternative uses. *
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True. Human have unlimited wants but the resources are scarce. as soon as one want is satisfied another new want emerges. Wants of human keeps on multiplying. There is not only the problem of scarcity , resources also have uses means they can be put to more than one use. for ex -petrol is used in cars , in generators , as fuel etc
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