Dealvajones00idn
Answered

Get comprehensive answers to your questions with the help of IDNLearn.com's community. Our platform offers detailed and accurate responses from experts, helping you navigate any topic with confidence.

1. One of the basic principles of the study of economics is that society and its individuals have limited wants.

true or false

Sagot :

Adioabiolaidn

Answer:

False

Explanation:

The basic principles of the study of economics is that society and its individuals have limited wants is FALSE.

The society and it's individuals have UNLIMITED wants.

Wants are desires or needs of a person or society such as desire to own a car, build a house, provide social amenities etc.

These wants are numerous and can be satisfied with LIMITED RESOURCES.

The basic principles of the study of economics is the satisfaction of unlimited wants with limited resources.

Jaylennkatrinaidn

Correct Answer: False

View image Jaylennkatrina
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.