What is the relationship between wants and resources?
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Wants essentially refer to things that people in society desire to have.
However resources refer to the natural materials which are available on the planet for our use.
However one cannot fulfill wants if we do not have resources.
Therefore, resources are utilized to produce things to fulfill wants.
However resources refer to the natural materials which are available on the planet for our use.
However one cannot fulfill wants if we do not have resources.
Therefore, resources are utilized to produce things to fulfill wants.
Answered by
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Wants is an irrestible and an instaible desire to acquire everything in excess as comapred to the actual need.
Wants is generally unlimited whereas resources are limited.
Resources is the availability of the wants.
Wants and resources are closely realted and dependent on each other.
When wnats are more resources also should be more to satisfy an individual.
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