Responses
The Earth's population is too large to be supported anymore.
The Earth's population is too large to be supported anymore.
No matter how much is produced, people will always want more.
No matter how much is produced, people will always want more.
Technology has been used to increase demand instead of supply.
Technology has been used to increase demand instead of supply.
Humans are using the Earth's natural resources too quickly.
1 answer
The best explanation for why scarcity cannot be eliminated is:
No matter how much is produced, people will always want more.
This response captures the essence of scarcity in economics: even as resources are produced or made available, human desires and needs tend to expand, leading to a continual state of scarcity. While other factors like resource depletion and technology impact supply, the fundamental issue lies in the insatiable nature of human wants.
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1 answer
7 answers
1 answer