Goods and Services A nation's resources are used to produce goods and services that will meet people's needs and wants. Needs are goods and services people must have simply to exist. Wants, on the other hand, are things they would like to have but do not absolutely need for survival. Such items as food, clothing, shelter, and medical care are needs; video recorders, cassettes, fashionable clothes, and luxury vacations are wants. A person's wants can be unlimited: as soon as one want is satisfied, another is created- Even wealthy people tend to have unlimited wants. Henry Ford was once asked how much money it would lake before a person would stop' wanting more- He reportedly answered, "Just a little bit more." Goods and services produced in the United States-each product manufactured, each service offered-are designed to meet needs and satisfy wants of consumers. Businesses start and operate hoping to produce some item or service that the public will like well enough or need badly enough to buy. Considering that people have many needs plus an almost unlimited list of wants, is it possible to satisfy all of the population's needs and wants? The answer is no. (未完待续)