Unit 1.1.1 - Finite resources and unlimited wants"Earth provides enough to satisfy every man"s need, but not every man"s greed."- Mahatma Gandhi (1869 - 1948), Indian lawyer and political ethicistEvery economy has finite (limited) resources yet the wants (desires) of consumers, workers, producers, and the government are unlimited (infinite). This dilemma creates what is known as the basic economic problem. Hence, economies...