Question

Wants are unlimited but means are limited explain

Answer 1

He is asking for the explanation of scarcity here, basically, in an economy, there are unlimited wants and limited resources(means). This situation requires an economist to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible. Any resource that has a non-zero cost to consume is scarce to some degree.

Answer 2

Question: wants are unlimited. Explain.

Explanation:

There is no limit of wants . This is true . Every human wants something or other in his her life . Every time we Aspire something new and different . Whenever we achieve something there a new things that get added to our list . Thus , does wants are unlimited and they never end .