Answer:
choices
Step-by-step 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.