Economy, asked by vivek916, 9 months ago

what is the problem of choice according to producer and according to consumer​

Answers

Answered by kalidas59
1

Explanation:

Choice and opportunity cost are two fundamental concepts in economics. Given that resources are limited, producers and consumers have to make choices between competing alternatives. Individuals must choose how best to use their skill and effort, firms must choose how best to use their workers and machinery, and governments must choose how best to use taxpayer's money.

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