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Why are individuals, companies, and governments required to constantly make choices about how to best utilize resources?

asked
User Aggsol
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2 Answers

3 votes

Answer:

Resources are limited.

Step-by-step explanation:

Fundamentals Quiz 1

answered
User UncleBob
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8.1k points
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There is always a scarcity of resources. In economics, scarcity is the consequence of individuals having "Unlimited Wants and Needs," or continuously deficient somewhat new, and consuming "Limited Resources." Limited Resources are never sufficient resources, or supplies, to please, or achieve, the wants and needs that each individual take.
answered
User Siyaram Malav
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