dimpy.handa
MP Guru
economics is about making choices in the presence of scarcity. the two terms namely,scarcity andchoice used here are very important and noteworthy because of their hidden role throughout. let us consider in this regard some universal trths such as:
1. human wants are unlimited.
2. resources to satisfy them are scare.
3. resources have alternative uses.
1. human wants are unlimited.
2. resources to satisfy them are scare.
3. resources have alternative uses.