why should we economize resources?

All the economies in the world face the situation of economic problem. Economic problem is one in which one has to think which resource to use in what quantities to produce any commodity. The problem arises because we are endowed with limited number of resources to fulfil our unlimited wants. Also the resources have alternative uses that is a single resource can be used to fulfil different wants.
Since the resources are scarce and wants are unlimited, all the wants cannot be fulfilled by given resources, so some of the wants has to be forgone. So there arises a need to economise our resource utilisation. We need to use that technique in the production of any commodity which is more efficient and fruitful as we cannot bear the cost of unnecessary resource wastage.

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We must economize the resouces because the resources are scarce. Economic problem will not be there in case if the resources are abundant. Thus the need comes when the demand exceeds supply and the resources are limited,

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