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unlimited wants , unlimited needs and limited resources

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by

LaStevia Allen

on 20 November 2012

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Transcript of unlimited wants , unlimited needs and limited resources

A basic condition of human existence which means that people are never totally satisfied with the quantity and variety of goods and services the consume. 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.
Unlimited wants and needs essentially means that people never get enough, that there is always something else that they would like to have. In this article the author makes points in unlimited wants but also brings up limited and/ or scarce resources. unlimited needs unlimited wants We have that kind of keeping up with the Joneses type of attitude always wanting to be in the know wanting the new jeans that are coming out or new coach purse that’s IN STORES NOW!!!. When the lengths we will go to just to get what we want even if we don’t have the resources at the time or the money or we have need we need to take care of but this distraction with the want is causing us to steer towards the wrong things to do at that time. What is a must have and what you can live without. Your limited resources can be money, time resources period. In my opinion this is true. There are people with the apple iPhone 4 who were already ready for the apple iPhone 5. limited resources UNLIMITED WANTS: A characteristic of people such that they are never totally satisfied with the quantity and variety of goods and services. This is 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. Unlimited wants and needs essentially means that people never get "enough"--that there's always something else that they would want or need. in this article the author makes points in limited resources. there’s not many people today who appreciate: scarcity which is true limited resources are there to kind of ground you and humble you so you can assess your needs from your wants. The bigger concept I see at work in these situations is one that too few people today appreciate: scarcity. Scarcity describes the condition of limited resources, and unlimited wants and needs. My daughter Jaley only has a certain amount of money, but there are many toys she wants to buy-limited resources, but unlimited options. Her limited amount of resources forces her to stop and think about which items she wants more, and as she gets older my desire is that she learns to consider bigger priorities that are behind those desires... Wants or Needs
To understand why wants and needs are unlimited, consider the phrase "wants and needs." Wants and needs is the term for... well... wanting and needing things. Human people want some things like hot fudge sundaes and red sports cars. Human people need other things like food, water, and oxygen.
Needs: Needs are best thought of as physiological or biological requirements for maintaining life, such as the need for air, water, food, shelter, and sleep.
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