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Question
What is the problem of choice?
What is the problem of choice?
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Solution
The allocation of various scarce resources which have alternative uses that are utilized for the production of various commodities and services in the economy for the satisfaction of unlimited human desires is known as problem of choice.
The allocation of various scarce resources which have alternative uses that are utilized for the production of various commodities and services in the economy for the satisfaction of unlimited human desires is known as problem of choice.
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