Question : Economic problem is a problem of ________.
Option 1: Choice
Option 2: Scarcity
Option 3: Unlimited resources
Option 4: Alternative uses

Question

Question : Economic problem is a problem of ________.

Option 1: Choice

Option 2: Scarcity

Option 3: Unlimited resources

Option 4: Alternative uses

Team Careers360 · Accepted Answer

Correct Answer: Choice

Solution : Economic problem is the problem of choice consisting satisfaction of unlimited wants out of limited resources having alternative uses. Hence the correct option is 1.

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Question : Economic problem is a problem of ________.Option 1: ChoiceOption 2: ScarcityOption 3: Unlimited resourcesOption 4: Alternative uses

Related Questions

Question : Reason/s of economic problem is/are _______

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Question : Economic problem is a problem of ________.
Option 1: Choice
Option 2: Scarcity
Option 3: Unlimited resources
Option 4: Alternative uses