Economy, asked by Ujagar7900, 9 months ago

Economics is a science of security and choice.Discuss.Why does the problem of choice arise

Answers

Answered by arpita8137

0

Explanation:

An economic problem is basically the problem of choice which arises because of scarcity of resources. Human wants are unlimited but means to satisfy them are limited. Therefore, all human wants cannot be satisfied with limited means. Economic problem arisesthe moment problem of choice arises.

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