Question

Scarcity of resources is the mother all economics problems discuss with example

Answer 1

Answer:

It is only because of scarcity of resources that economic problems exist. Resources are limited and have alternative uses, and human wants are unlimited. This means that they can be employed for the production of different goods. ... For example, with given resource cloth, a firm might produce apparels or bags

Answer 2

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Scarcity of resources is the mother all economics problems.Discuss with example.

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It is only because of scarcity of resources that economic problems exist. Resources are limited and have alternative uses, and human wants are unlimited. This means that they can be employed for the production of different goods.For example, with given resource cloth, a firm might produce apparels or bags.