Economy, asked by lisahaddie, 7 months ago

IMPORTANCES OF OPPORTUNITY COSTS

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Answered by koshyjhon4
2

Explanation:

Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in attempts to ensure that scarce resources are used efficiently.

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Answered by Anonymous
2

Answer:

Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in attempts to ensure that scarce resources are used efficiently.

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