How is an economic problem, became a choice making activity

Economy Secondary School in Economy 10 months ago

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EXPLANATION:

Therefore, scarcity of resources gives RISE to the fundamental economic problem of choice. As a society cannot produce enough goods and SERVICES to satisfy all the wants of its people, it has to make choices. ... So the problem of choice arises when there are ALTERNATIVE ways of PRODUCING other goods

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Posted on 25 Nov 2024, this text provides information on Economy related to Secondary School in Economy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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