Economy, asked by Sandeep3296, 1 year ago

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

Answers

Answered by DivyamRajvanshi
1
Here is your answer :-

Yes it is true that scarcity and choices go together . For instance , Land is scarce resource . We can do so many things by using lands like make a house , build a factory and farming . But we cannot do all things because land is limited in quantity. So we have to choose anything to use the land .
When there is a scarcity there are choices . Scarcity of any resources produces do many choices .

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