economics is about marching choice in the backdrops of scarcity explain?
Answers
Answered by
4
economics is about making choice in the presence of scarcity.As the demand of all humans are unlimited but at contrast there are limited resources and these all have there alternative uses.So,all demands can not be fullfied at same time we have to make between them.If there is no choice there would be no economy ( I hope help you
Similar questions