WAEC - Economics (2014 - No. 1)
Human want are unlimited because
production is inadequate
resources have alternative uses
new wants always rise
resources are limited
Spiegazione
It means that people never get enough, that there's always something else that they would want or need. Unlimited wants and needs are one half of the fundamental problem of scarcity that has plagued humanity since the beginning of time. The other half of the scarcity problem is limited resources.