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How scarcity related with problem of …

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How scarcity related with problem of choice?

Posted by Pawan Grover 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Madan Batra 6 years, 11 months ago

Problem of choice is related to what to produce in which recources are scare and we can not produce all the goods at same time there are some commodities for which goods had to be produced Consumer goods- A.C, fan etc. Capital goods- machinery,plant etc War time goods- defence equipments Peace time goods- bread, butter, etc.

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