Question

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

Answer 1

Micro economics deals with the study of how resources are allocated in the production of various goods and services in the economy for the satisfaction of human wants because these resources are scarce and have alternative uses and human wants are unlimited. Since these resources are scarce and have alternative uses, their allocation in the production of different commodities is a choice factor which needs to be done efficiently.

hope helps you make me as brainlist

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:

mark as branlist answer