Economy, asked by sanjhnabista, 11 months ago

mention any two features of scarcity oriented defination of economics​

Answers

Answered by skvijay36
28

Answer:

Explanation:

Since wants are numerous and means are scarce, we have to choose the most urgent wants from these unlimited wants. Hence, the consumer will select few wants according to his preference pattern. Thus, scarcity of resources makes the choice necessary.

Answered by anandgeetha2302
17

Answer:

Since wants are numerous and means are scarce, we have to choose the most urgent wants from these unlimited wants. Hence, the consumer will select few wants according to his preference pattern. Thus, scarcity of resources makes the choice necessary.

Explanation:

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