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unlimited wants and needsUnlimited wants are the person’s or individual desires or preferences for specific ways of satisfying our daily needs. This essentially mean that people never get enough in the things that they have, that there is always something else that they would like to have. When combined with limited resources, unlimited wants result in the problem of scarcity.
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unlimited wants and needsA characteristic of people such that they are never totally satisfied with the quantity and variety of goods and services. This is one half of the fundamental problem of scarcity that has plagued huma [..]
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unlimited wants and needsA characteristic of people such that they are never totally satisfied with the quantity and variety of goods and services. This is one half of the fundamental problem of scarcity that has plagued huma [..]
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