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What type of need and desire do humans have for wealth and why do they have this need and desire?

Economics Dec 12, 2020

What type of need and desire do humans have for wealth and why do they have this need and desire?

Expert Solution

This question comes back to the basic economic dilemma, which is that everyone has unlimited wants and needs and there are finite resources to fulfill them. Humans want to acquire wealth for financial security and quality of life improvements for themselves and their offspring.

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