Humans do have scarce resources, but are there enough resources for everyone to live in abundance because the world that we live is one where we can see that humans' wants are more than we can imagine , that is they are infinite but the human resources such as land, labor, and capital needed to satisfy those wants are said to be limited.
<h3>What do you mean by the statement resources are scarce but human wants are unlimited?</h3>
Resources are known to be scarce due to the fact that in the world today, population are growing, humans' wants are still growing and are also infinite but the resources that we have such as land, labor, and capital needed to to satisfy those wants are not available in the way that we want them to.
Therefore, this brings about a conflict between society's forms of unlimited wants and those of our limited resources and thus choices need to be made.
Therefore, Humans do have scarce resources, but are there enough resources for everyone to live in abundance because the world that we live is one where we can see that humans' wants are more than we can imagine , that is they are infinite but the human resources such as land, labor, and capital needed to satisfy those wants are said to be limited.
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