Mindblown: a blog about philosophy.
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Can rich people satisfy all their wants?
Can rich people satisfy all their wants? It can be said that the rich people would be in a better position to satisfy their wants, but they cannot satisfy all their wants because their wants keep on increasing and on some point or another they have to deal with unlimited wants.
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How can we satisfy everyone’s wants?
How can we satisfy everyone’s wants? There are 1,000 tickets available for the match and 20,000 people want to buy the ticket School can give admission to 100 students but 600 students applied for admission What are the two examples which I have given you? The two examples show that even if the people have…
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Why do people want more?
Why do people want more? Before answering this question I would like to ask you what your future plans are? If you are right now studying in your country, why do want study in a foreign country where better education is being provided. What car do you have? If you already have a car why…
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What is opportunity cost?
What is opportunity cost? Opportunity cost is the choice which a person has to make when he has to make because of scarcity. Opportunity cost is the best alternate forgone while making a decision of choosing between two options.
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What is scarcity?
What is scarcity? Scarcity is the situation where unlimited wants and limited resources. Scarcity describes a time where it is impossible to satisfy everyone’s wants.
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What is the basic problem in Economics?
What is the basic problem in Economics? We all know that Economics is all about managing the resources which we currently have. The basic economic problem of Economics is that there are unlimited wants and limited resources in the world and it is impossible to satisfy everyone’s wants.
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What is Economics?
What is Economics? There are many people in this world who present different definitions for this word Economics, but I would like to present a definition or explanation which is simple and understandable. Economics is the study how to manage resources to achieve the maximum result or output.
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What are Clauses? Dependent and Independent
Clauses Clause is a group of words containing a subject and a verb. A clause may be independent or independent. Independent clause Independent clause has a subject and verb and it is a complete sentence which tells a complete meaning. Dependent clause Dependent clause has a subject and verb, but dependent clause is not…
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English Modal Verbs with examples
Modal verbs Modal verb is a helping verb showing possibility, probability, obligation, ability or necessity Modal verb does not take -s or –es Modal verb does not use do to form a question Modal verb is followed by the infinitive without to (except ought to) Modal verb does not have an infinitive or participle form…
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Adverbs with example sentences
Adverbs An adverb modifies or adds to the meaning of a verb, an adjective or another adverb. Type of adverb Examples Adverbs of frequency (how often) Ever, never, often, always, usually, frequently, sometimes, daily, weekly. Adverbs of place (where) Here, there, everywhere, nowhere, home, abroad, ahead, left, right, straight, away. Adverbs of manner (how) Slowly,…
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