Ask Question
26 March, 17:51

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

+5
Answers (1)
  1. 26 March, 18:30
    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?
Get an answer to your question ✅ “What term is used to describe the difference between limited resources and wants and needs ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers