Question

The elements of the economizing problem are:

Answer 1

Answer:

the choices necessitated because society's economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce)

Answer 2

Hello there !!!

Answer:

The elements of Economizing Problem are:

• Scarcity of Resources - most goods are scarce ( except air )

• Unlimited Wants - everyone wants more ( more is better than less )