Economy, asked by pretty72, 3 months ago

mention the factor that gives rise to the problem of choice economics​

Answers

Answered by Anonymous
2

The Problem of Choice: Therefore, scarcity of resources gives rise to the fundamental economic problem of choice. As a society cannot produce enough goods and services to satisfy all the wants of its people, it has to make choices. A decision to produce one good requires a decision to produce less of some other good.

Hope it helps you ✌

Similar questions