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


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tina patrick Profile
tina patrick answered
Are wants insatiable
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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