why do the problem of choice arises between producer and consumer?
soumimukherjee:
can anybody answer to this question?
its helful bt a little short , can anybody give me a brief info?
Answers
Answered by
4
An economic problem is basically the problem of choice which arises because of scarcity of resources. Human wants are unlimited but means to satisfy them are limited. Therefore, all human wants cannot be satisfied with limited means. ... In such a background, every consumer tries to satisfy his maximum wants.
thnks
its helful bt a little short , can anybody give me a brief info?
Similar questions