Economy, asked by wizamar518, 8 days ago

alternative uses of resousces give rise to the prablem of

Answers

Answered by agnikhazra
0

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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Answered by payal2502mahato
0

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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