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Explain the relationship between scarcity and choice as used in agricultural economics.

      

Explain the relationship between scarcity and choice as used in agricultural economics.

  

Answers


Isacko
Scarcity is where production resources are limited in supply relative to demand; therefore a choice has to be made on which enterprise(s) to allocate the limited resources.
Mohaissack answered the question on October 10, 2017 at 14:19


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