--%>

Problem regarding exceed human requirements

The fact that human requirements exceed the production possible along with the resources obtainable is termed as economic: (1) scarcity, (2) welfare, (3) shortage and (4) deficits.

Can someone please suggest me the proper explanation for specified problem regarding exceed human requirements.

   Related Questions in Public Economics

  • Q : Comparative Systems- Central planning

    Can someone help me in finding out the right answer from the following options. The command economy is mainly based on: (i) Laissez faire govt. policies and private property rights. (ii) ‘kolkhoz’ decision making. (iii) Well tuning production to match the

  • Q : Calculate the net investment of machines

    Freddy's Fabulous Faux Frisbee Factory consists of fifty rapid frisbee forming machines. In recent year Freddy bought new fifteen rapid frisbee forming machines as well as retired five of them, all they are resulting within: (1) Net investment of 10 machines. (2) Gros

  • Q : Hypothesis included by normative

    Please help me to solve the problem of hypothesis in normative statements in normative economics that is given below: Normative statements would consist of the hypothesis which: (v) Abuse of alcohol lowers GPAs. (w

  • Q : Explain about the Opportunity Cost in

    Opportunity cost is explained as the value of the: (w) best alternative specified for the decision made. (x) sum of all alternative choices while a decision is made. (y) monetary cost of making a decision. (z) cost incurred while one ignores alternati

  • Q : Uses of a theory in economic analysis

    To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data.

    Q : How to recognize economics as a field

    recognize economics as a field of economics

  • Q : Decisions and owns resources The

    The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed.

    Q : Government as a trustee on nonhuman

    Can someone please help me in finding out the accurate answer from the following question. Government acts as the trustee over nonhuman resources beneath: (i) Laissez-faire capitalism. (ii) Socialism. (iii) Fee-simple property rights systems. (iv) Feu

  • Q : Reason of confronting problem of

    People whole the world confront the problem of scarcity at all times just because which one reason: (i) Greedy capitalist monopolies under-produce goods, (ii) International markets are plagued with flawed distribution, (iii) Restricted resources and t

  • Q : Problem on Private ownership of property

    I have a problem in economics on Private ownership of property. Please help me in the following question. The hallmarks of ‘pure’ capitalism are illustrated by the: (1) Absence of productive and allocative efficiency. (2) Interaction of th