How Do Different Societies Around the World Meet Their Economic Needs? People Usually

How do different societies around the world meet their economic needs?
People usually have unlimited wants. Even if we had them all, we would probably find more stuff to want. The fact is no society can produce everything we need or want. Resources and skills are limited. This is called scarcity. Most societies overcome scarcity, through trade with others for goods and services. Goods are things that people make; for example, foods, toys, clothes, cars, and houses are all considered goods. Supermarkets and shoe stores sell goods to consumers. Services are those things that people do for others. People who provide services include teachers, plumbers, doctors, barbers, and auto mechanics. / Critical Thinking: If everyone had 10 million dollars, would that solve the problem of scarcity?
How do different societies around the world meet their economic needs?
People usually have unlimited wants. Even if we had them all, we would probably find more stuff to want. The fact is no society can produce everything we need or want. Resources and skills are limited. This is called scarcity. Most societies overcome scarcity, through trade with others for goods and services. Goods are things that people make; for example, foods, toys, clothes, cars, and houses are all considered goods. Supermarkets and shoe stores sell goods to consumers. Services are those things that people do for others. People who provide services include teachers, plumbers, doctors, barbers, and auto mechanics. / Critical Thinking: If everyone had 10 million dollars, would that solve the problem of scarcity?
How do different societies around the world meet their economic needs?
People usually have unlimited wants. Even if we had them all, we would probably find more stuff to want. The fact is no society can produce everything we need or want. Resources and skills are limited. This is called scarcity. Most societies overcome scarcity, through trade with others for goods and services. Goods are things that people make; for example, foods, toys, clothes, cars, and houses are all considered goods. Supermarkets and shoe stores sell goods to consumers. Services are those things that people do for others. People who provide services include teachers, plumbers, doctors, barbers, and auto mechanics. / Critical Thinking: If everyone had 10 million dollars, would that solve the problem of scarcity?