JAMB - Economics (2018 - No. 71)
Human wants are insatiable because wants are____________
Limited while means are scarce
Unlimited and means are also unlimited
Limited and means are also limited
Unlimited while means are scarce.
Εξήγηση
Want may be defined as insatiable desire or need by human beings to own goods or services that give satisfaction. Human wants or needs are many, and are usually described as insatiable because the means of satisfying them are limited or scarce