Question

What is the meaning of economic problem or the problem of choice?

Answer 1

Answer:

problem of the choice is economic of the central problem of economic. in which the society need to make choice among the goods and served it is going to produce. to produce good and service, society have to sacrifice the production of others good and services this involved choosing the best one,

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Answer 2

Answer:

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

Explanation: