Question

How does choice arise out of scarcity?​

Answer 1

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Your scarce resources force you to make a choice and a trade-off producing one product or another. When scarce resources are used (and just about everything is a scarce resource), people and firms are forced to make choices that have an opportunity cost.

Answer 2

Scarcity requires choice.When we, either as individuals or as a society, choose more of something, scarcity forces us to take less of something else. Economics is sometimes called the study of scarcity because economic activity would not exist if scarcity did not force people to make choices.