Economy, asked by umeshlama6859, 1 year ago

scarcity and choice go together. comment.

Answers

Answered by shikhersrivasta

10

Scarcity of resources having alternative uses compels every individual and society to make choices in the use of resources in order to obtain maximum satisfaction. Clearly choice arises because of scarcity. Thus scarcity and choice go together. Briefly state meaning of the following terms as used in economics

Previous Question

Next Question

Similar questions

English, 7 months ago

10:15 LTE ** Jl83% 29:51 1/20 End Which of the following statements is true regarding acceleration due to gravity? a. Increases from north to south pole b. Increases from south to north pole C. Increases from poles to the equator d. Increases from the equator to poles...

English, 7 months ago

How did the author and her brother patch up the kite?

History, 7 months ago

प्रश्न 8- यूनियन ऑफ यूनियन कि स्थापना किसी उद्देश्य से को गई ?

Math, 1 year ago

Find the least number by which 7776 to be divided to get a perfect cube...

Science, 1 year ago

Explain the main purpose of using plane mirrors in solar cookers...

English, 1 year ago

write a report about 200 words in our school organised a cricket match for charity to the victim of flood in bihar.

Chemistry, 1 year ago

what is olfactory indicator give its example and explain with the help of an acitivity?

Math, 1 year ago

give some points of quadrilateral...