When The Economist Says That Economic Wants Are Insatiable, This Means That?


3 Answers

tina patrick Profile
tina patrick answered
Are wants insatiable
Karl Sagan Profile
Karl Sagan answered

I think the speech is about the fact that a person will always be not enough for his results and achievements. I understand this phrase, because earlier my salary was enough for me, but now I earn several times more by trading on the platform, but I still strive upwards to increase my income. It seems to me that this is an endless process.

Anonymous Profile
Anonymous answered
Very basically, in a nutshell, that Goods are good, i.e that because you like money\ice cream, you would like more of it and as much as you can, and that Bads are Bad, that you would want less of it. They often take this simple assumption as a benchmark for more advanced mathematical models of consumption behaviour.

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