Question

scarcity and problem of choice is in sepreble.how?​

Answer 1

Answer:

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.

Answer 2

Answer:

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.

Explanation:

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