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1.How will you choose the wants …

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1.How will you choose the wants to be satisfied?

    • Posted by Nikhil Bhaskar 3 years, 6 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 3 years, 6 months ago

    Our wants are unlimited but the resources used in the production of goods that satisfy our wants are limited and scarce. So we have to choose those wants that we want the most. For example, if in an economy there are two commodities; Butter and Shirt; then we have to choose which commodity we should purchase because of limited resources and scarcity.

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