I'm not sure if I am correct on this, but I think that limited supply with unlimited demand shows that once supply is depleted, there wouldn't be any more supply. However, "More wants than supply" does not limit the amount of supply providable. If demand increases, simply increase supply to keep up with it. Please let me know your opinion on this.
2007-01-24 04:04:29 · 3 answers · asked by lucstudent 3 in Business & Finance ➔ Investing
the two are pretty much the same, except for one little fact.
Unlimited demand is infinite, it never ends, and never is satisfied.
More wants then supply, does not neccessarily denote an infinite demand, or a limited supply, but simply more demand then current supply can keep up with. You alluded to this in your original assessment.
2007-01-24 04:16:01 · answer #1 · answered by M O 6 · 0⤊ 0⤋
Think of it as oil. There is only so much in the ground. With more and more nations needing it --there is an unlimited demand. This has been going on for years with the emergence of 3rd world countries.
2007-01-24 12:13:04 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
holy crow...that's confusing...
limited supply means there is only so much
unlimited demand means that the demand will always be there.
more wants then supply means there is not enough supply to go around to satisfy every ones wants
I THINK ANYWAY
2007-01-24 12:09:18 · answer #3 · answered by nicky1119 2 · 1⤊ 0⤋