Examlex
What happens if the threshold of excitation is reached?
Unlimited Wants
The economic concept that humans have endless desires for goods and services.
Good
A tangible product used to satisfy human wants.
Basic Economic Problem
The fundamental issue of scarcity faced by societies, where there are limited resources to meet unlimited wants and needs.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.
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