alternative uses of resousces give rise to the prablem of
Answers
Answer:
the character of alternative uses of the resources gives rise to the problem of choice. ... Thus, the problem of choice between commodities to produce depends both on the alternative use of resources available and the limited supply of these resources.
Explanation:
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Answer:
Alternative uses of resources gives rise to the problem of choise
Explanation:
Resources in the economy are scarce and if these resources have alternative uses, and demand exists for all the commodities that will be produced. The producer will then face the problem of choice between the utilization of various resources for the production of the different commodities demanded in the market.
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