Economy, asked by kunj8140, 1 year ago

. How the scarcity and problem of choice go together explain it

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Answered by varun9190
0
the scarcity and choise go together
just because of main reason is that human wants are unlimited and that the things which satisfied humans thats are limited so people don't get more satisfaction from that leaves of thing after that peoples are divered with another thing that which gives him satisfied. in an economic terms scarcity simply implies that the supply of all desirable things are limited compares to demand. due to the scarcity of recouces. Itis not possible for any society to satisfy all the needs of their people. That's why an economy has to decided how to use it's limited resources to get the maximum satisfaction of the consumers of the society. as suppose the things are given with their satisfaction wich has their alternative uses the maximum satisfaction which gives him are better than one another at that situation the person had to choose that thing which gives him maximum satisfaction which deserved for him.... so we can said that both are go together or both are related to each other
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