Ask Question
29 June, 08:05

What term is used to describe the difference between limited resources and wants and needs

+3
Answers (1)
  1. 29 June, 11:06
    0
    I would distinguish here between positive and negative difference.

    If more resources are available than the needs and wants, I would call it "abundance".

    Else, if there are less resources than needs and wants, the situation can be described as "scarcity"
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What term is used to describe the difference between limited resources and wants and needs ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers