Economists focus on "unlimited human wants" rather than _____ to describe our pursuit of goods and services.

Question

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Economists differentiate between wants and needs. Needs are things that are necessary for survival and well-being, such as food and shelter. Wants, on the other hand, are desires for goods and services that are not strictly necessary. Economists focus on unlimited wants because they are the driving force of economic activity, as individuals and societies strive to satisfy their desires for greater comfort, convenience, and luxury. Prices, output, and physical requirements are all related to the production and consumption of goods and services, but they are not the primary focus of economists' analysis of human wants.

Economists Focus on "Unlimited Human Wants" Rather Than _____ to Describe