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HACTEHA [7]
2 years ago
7

Because the world has limited resources what do people how to make

History
1 answer:
pav-90 [236]2 years ago
7 0

Answer:

Choices

Explanation:

Due to limited resources in a our wold, people have to make do with choices because it is nearly impossible to have all what we want.

The two main problems in economics revolves round:

Limited resources

Unlimited wants

The cost of choosing one item over another and forgoing it is called the opportunity cost.

Choices are often made by drawing up a scale of preference from which the most pressing needs can first be attended to.

If there are enough resources, there wouldn't be a need to make choices when demanding for certain goods and services.

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