Question

wants are unlimited explain in detail

Answer 1

Answer:

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.

Explanation:

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Answer 2

Answer:

Human wants are unlimited and insatiable. on the other hand, the resources to fulfill these wants are limited/ scarce.

owing to the scarcity of resources, it becomes necessary to determine priority to satisfy wants.

first priority is always given to satisfy the basic needs- necessities of food, clothing and shelter.

thereafter lesser wants in the form of Comforts and luxuries are satisfied.