Guys i have a confusion.....please clear …

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Guys i have a confusion.....please clear it.....Central problems of economy 3 hote h --1)what to produce 2)How to produce 3)for whom to produce......it arises due to scarcity of resources having alternative uses in relation to unlimited wants..........to ye problem of choise kya h????central problem of an economy ya fir iske arise hone ka reason?????.........please koi clear kar do....please......please.

Posted by Rahul Jain 7 years, 10 months ago

CBSE > Class 12 > Economics

4 answers

Hero Time 7 years, 10 months ago

Central problem are problem of choice (both r same) ................... Scarcity of resources are cause of this problem

2Thank You

Vinay Bhadana 7 years, 10 months ago

Problem of choice mainly arises due to the alternative uses of the resources we can explain this with the help of an example like electricity it is used for many purposes like operating machines and water heating et cetera what is the price of electricity per unit increases then it will be used only for some specific purposes on the other hand if its price decreases it may be used for many purposes therefore there arises the problem of choice that how to employ the resources

1Thank You

Reena Kumari 7 years, 10 months ago

Ye central problem of an economy hai

1Thank You

Anchal Yadav 7 years, 10 months ago

Are prblm of choice arise just b'coz of the fact that resources r scarce & wants r unlimited & as u mentioned the same thing is the ans for prblm of choice

1Thank You

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