"economics is about making choices in the presence of scarcity." explain.
This topic covered in our study material. You can find it at the below mentioned path.
Chapter-1 (named as 'Introduction' )- Lesson-2 (named as 'Central Problems of an Economy and the Concept of Production Possibility Frontier' )-under the topic 'Scarcity of Resources and Problem of Choice'
Chapter-1 (named as 'Introduction' )- Lesson-2 (named as 'Central Problems of an Economy and the Concept of Production Possibility Frontier' )-under the topic 'Scarcity of Resources and Problem of Choice'