Question

relationship of scarcity & choice and define it with daily activities​

Answer 1

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relationship of scarsity and choice in daily life is:

since are live in a world of scarsity,a society can produce only a small portion of goods and services that its people want .therefore,scarcity of resources gives rise to the fundamental economic problem of choice. a decision to produce one good requires a decision to produce less of some other good.

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Answer 2

${\underline{\underline{\bf{scarcity}}}}$

Scarcity is a fundamental economic problem of having humans who have unlimited wants & needs in world of limited resources.