Economics question

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getjob5
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#1
Report Thread starter 7 years ago
#1
Explain how the economic problem can be applied to you as a customer


someone explain what they are asking me
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SmallDuck
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#2
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#2
Economic problem- How can the unlimited wants of humans be met with scarce resources?

Therefore, from the consumer's POV, they are asking too much from the world and the world cannot give them everything they want.
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username1022139
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#3
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#3
The basic economic problem is not being able to satisfy infinite wants with a finite amount of resources.

Therefore, as a consumer, this means I'm unable to satisfy all my wants because there's only a limited amount of resources.
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