Question

why human wants and scarcity is a umiversal issue?

Answer 1

Scarcity, or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants. ... Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.

Answer 2

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Scarcity, or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimitedwants. ... Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans
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