Economy, asked by isyedfaiz, 7 months ago


Economics is the Sacrcity of choice. who has given this definition? discuss

pls answer this​

Answers

Answered by VIGYAS
7

Answer:

Scarcity — The condition that exists when there are not enough resources to satisfy all the wants of individuals or society. Choices — The decisions individuals and society make about the use of scarce resources. Opportunity Costs — The next highest valued alternative that is given up when a choice is made.

Similar questions