Economic Awareness - Sectors of Indian Economy
Economic choices have to be made by individuals and societies because:
Economic choices have to be made by individuals and societies because:
easy Q3 of 15
Step-by-Step Solution
Step 1: Link scarcity to choice
Scarcity means resources are insufficient relative to wants, necessitating choices.Step 2: Evaluate reasons
Resources are insufficient to satisfy all wants directly explains the need for economic choices. Other options assume abundance.Final Answer:
Resources are insufficient to satisfy all wants → Option CQuick Check:
Choices required when resources < wants ✅
Quick Trick: Insufficient resources force economic choices.
Common Mistakes:
MISTAKES- Assuming plentiful resources eliminate the need for choices.
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