I think “unlimited wants and limited resources” is regardless of how much income each household has. It is true that nobody can have enough resource of allowing to have everything including time and money to satisfy their every desire. In detail, the each month budget would be different depending how much income the household has and each household has different wants based on the circumstance. From this point of view, wants is unlimited whereas the resources is limited all the time. Therefore, the phrase “unlimited wants and limited resources” can apply to all types of households.
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