Economy, asked by nikil101, 9 months ago

What do you mean by problems of choice in an ecnomy

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Answered by sumrahalam
0

Answer:

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.

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