The insatiable nature of human desires is a contributing factor to the economy. that is, it seems like people are continually looking for more items and services.
We experience joy when something tends to support the survival and reproduction of our species during evolution, and agony when it doesn't. Status, sex, and sweets are appealing because they are programmed to be enjoyable. Adam Smith has put out an unbounded theory of human desires and strategies to satisfy them.
We need pleasure so much that we can never have enough of it. Our sensory organs are overstimulated to the point that they lose their sensitivity, necessitating ever-increasing amounts of stimulants to maintain our enjoyment. It is possible to categorize man's wants. A lot of people classify man's wants into many categories. Everyone acknowledges that man's wants are limitless and endless, however, they can nonetheless be categorized.
Scarcity refers to a situation where demand for products and services is greater than supply. Resources are few, hence there is a restricted supply. However, there is almost no limit to demand. There are just "wants" when it comes to personal demands for products or services; there is no such thing as a "need."
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