Science, asked by gurungshristy52, 6 months ago

Discuss briefly about scarcity and choice

Answers

Answered by ItzVittesh95

4

Answer:

Scarcity refers to the finite nature and availability of resources while choice refers to people's decisions about sharing and using those resources. The problem of scarcity and choice lies at the very heart of economics, which is the study of how individuals and society choose to allocate scarce resources.

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