the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
first of all, ask yourself the definition of economic choice
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
The basic economic problem is about scarcity and choice, which every society has to deal with.
which one of the following is not one of the basic economic question
the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
the basic economic problem in the socity is choice,as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
first of all, ask yourself the definition of economic choice
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
The basic economic problem is about scarcity and choice, which every society has to deal with.
which one of the following is not one of the basic economic question
The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
market
A basic feature of the free market system is that consumers make their own economic choices
It is the price mechanism
This cannot be answered. You will have to give me some choices to choose from.