wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Why does the problem of choice arise ?

Open in App
Solution

Scarcity of resources gives rise to the problem of choice. Allocating these resources efficiently is the basis of economics.


flag
Suggest Corrections
thumbs-up
20
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Scarcity and Choice
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon