Which of the following best illustrates the importance of addressing the three questions of economics? People’s desires and needs are always

Which of the following best illustrates the importance of addressing the three questions of economics? People’s desires and needs are always changing. Businesses need to use limited resources wisely. Traditional methods of production are outdated. Businesses need to limit production.

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  1. Answer:

    Businesses need to use limited resources wisely

    Explanation:

    We know that resources are less and demand is more. Business firm are one of them who uses the resources . It depend on the businessman who they can wisely use the resources .

    It is the duty of the businessman to always thing about the nature who provide the resources to the businessman and also about the society, because without society no business can be stay in the market .

    A businessman can do many thing to use the limited resources wisely like they can reduce the use of resources or use them effectively. So that there is no waste of the resources . Identify the most important thing which you need. Try to focus on one activity not on all at one time .  

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