Question

What is a choice in economics? Why a consumer needs to make a choice answer fast p l e a s e

Answer 1

Answer:

for buying something

Explanation:

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Answer 2

What is Economics?

Economy is a situation where two factors prevail- unlimited wants and scarcity of resources. Study of economy is called economics.

Why do Consumers Need to Make a Choice?

Consumers need to make a choice because

1. Resources are scarce: The resources present on earth are not unlimited.
2. Human wants are unlimited: Human wants are neevr satisfied. Even if you are the richest person on earth, you still can't fulfill all your wants.
3. Limited Resources have alternate uses: For example, milk can be used to make curd, cheese or, it can be drank like milk.