Define scarcity, Choice, and opportunity cost?

Question

asked Sep 15, 2022 67.9k views

1 Answer

Kenji · Answer 1 · 2022-09-21T08:39:23+0000

Whenever a choice is made, something is given up. The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants.

HOPE SO IT HELPS YOU

Define scarcity, Choice, and opportunity cost?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions

Define scarcity, Choice, and opportunity cost?​

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions

Define scarcity, Choice, and opportunity cost?