What term is used to describe the difference between limited resources and wants and needs

Question

asked Jan 24, 2017 212k views

1 Answer

David Wohlferd · Answer 1 · 2017-01-31T03:56:45+0000

I would distinguish here between positive and negative difference.

If more resources are available than the needs and wants, I would call it "abundance".

Else, if there are less resources than needs and wants, the situation can be described as "scarcity"

What term is used to describe the difference between limited resources and wants and needs

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions