Economy, asked by khushboomahaur1404, 6 months ago

what is scarcity and choice?

Answers

Answered by Anonymous

23

Answer:

Scarcity — The condition that exists when there are not enough resources to satisfy all the wants of individuals or society. Choices — The decisions individuals and society make about the use of scarce resources. Opportunity Costs — The next highest valued alternative that is given up when a choice is made

Answered by nehamalik8262

1

Answer:

scarcity is lack of anything

and choice can told as the options available

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