Why does the problem of choice arise? – InterviewSolution

InterviewSolution

1.

Why does the problem of choice arise?

Answer»

The problem of choice arises due to the following reasons:

1. Human wants are unlimited

2. To satisfy unlimited wants, the resources are limited

3. The resources can be put to alternative uses, though they are limited in supply.

OR

The problem of choice arises due to the unlimited wants and limited resources.

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