how do people fill their wants and needs when there are not enough resources

Answers

Answer 1

scarcity refers to the condition of insufficiency where the human beings are incapable to full fill their wants in sufficient manner. In other words, it is a situation of fewer resources in comparison to unlimited human wants. Human wants are unlimited. we may satisfy some of our wants but soon new wants arise. It is impossible to produce goods and services so as to satisfy all wants of people. Thus scarcity explains the relationship between limited resources and unlimited wants and the problem there in.

Answer 2

As sad as it is people tend to go for their wants more than their needs. Sometimes we must go without what we need until it is available again if it is scarce

Related Questions

To what extent have the democratic ideals expressed in the Declaration been achieved?

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Answer:The Declaration of Independence and the Constitution are documents that provide the ideological foundations for the democratic government of the United States.

The Declaration of Independence provides a foundation for the concept of popular sovereignty, the idea that the government exists to serve the people, who elect representatives to express their will.

The US Constitution outlines the blueprint for the US governmental system, which strives to balance individual liberty with public order.

Explanation:

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