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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.

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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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