Wants are unlimited . Explain
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42
Explanation:
Unlimited wants essentially mean that people never get enough, that there is always something else that they would like to have. When combined with limited resources, unlimited wants result in the fundamental problem of scarcity.
Answered by
44
Explanation:
Human wants are unlimited while resources to fulfill them are limited. No nation of the world has resources in unlimited quantity. There will always be scarcity of factors of production. As a result, every county faces problems related to allocation of resources. Many questions arise such as why, when and how much quantity of limited resources can be used
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