Question

How do people fill their wants and needs when there are not enough resources

Answer 1

Scarcity refers to the condition of insufficiency where the human beings are incapable to full fill their wants in sufficient manner. In other words, it is a situation of fewer resources in comparison to unlimited human wants. Human wants are unlimited. we may satisfy some of our wants but soon new wants arise. It is impossible to produce goods and services so as to satisfy all wants of people. Thus scarcity explains the relationship between limited resources and unlimited wants and the problem there in.

Answer 2

As sad as it is people tend to go for their wants more than their needs. Sometimes we must go without what we need until it is available again if it is scarce