Question

In economics choices are necessary because of the presence of

Answer 1

Heya....

In economics choices are necessary because....

* Resources are scare...

* Resources have alternative uses....

* Uses are unlimited....

example.....

Govt have to spend his reserves on both social welfare as well as development..
But it have to select for whom he used more of reserves because money reserve is limited ....

So in economics choices are necessary due to presence of scarcity of resources..