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Why economics often described as the science of constrained choice?

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Why economics often described as the science of constrained choice?

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  1. resources are limited......like money or time.....and within that scarce set of resources consumer needs to take the optimal decision.........moreover economic models are hypothetical by nature and depending upon a good number of conditions to be fulfilled!!


  2. wants are many,resources are few,choice is inevitable.the choices are constrained because one should choose the best permutation for max benefits

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