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How is an economic problem, a choice-making activity?

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Question

How is an economic problem, a choice-making activity?

Very Short Answer
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Solution

An economic problem is a choice-making activity because it requires a decision to make the best possible use of limited resources to satisfy unlimited human wants.

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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.40]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 6. | Page 1.40
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