- Why are all goods and services scarce? a. Some goods have a greater opportunity cost than others b. All people have unlimited wants, but limited resources.
Some Economics Concepts. Definition of economics the study of how individuals and societies use limited resources to satisfy unlimited wants.
The Economic Way of Thinking Dr. T. D. Mitchell Bonneville High School, Idaho Falls, Idaho.
- Why are all goods and services scarce? a. Some goods have a greater opportunity cost than others
