Economy, asked by ritabharti109, 2 days ago

Why is choice essential is the study of economics?

Answers

Answered by hjeet176kaur

Answer:

People have unlimited wants and desires, the goods and services are limited in the economy and there is a scarcity. Due to this reason, it is necessary to make a choice. Since it is not possible to have everything that a person desires, hence they require making a choice.

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