Economy, asked by Anonymous, 8 months ago

What is problem of choice in short?

Answers

Answered by Anonymous
84

Answer:

Problem of choice is the problem of allocating scarce resources to alternative uses.

Answered by ritu0057
2

Answer:

Problem of choice refers to the allocation of various scarce resources which have alternative uses that are utilised for the production of various commodities and services in the economy for the satisfaction of ultimated human wants.

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