Economy, asked by Abdulaziiz, 1 year ago

Explain with the help of an appropriate example that scarcity and choice go together

Answers

Answered by rishu92
2
Resources are not only scarce, but also have alternative uses. Land can be used for producing wheat or for constructing warehouses. Hence, the problem of choice is the essence of an economic problem. However, if resources were not scarce, one could have everything at any time and there would be no problem of choice.
Answered by GauriPadukon
0
if it's helpful plz mark as Brainliest
Attachments:
Similar questions