Scarcity is the nurture that good and services are limited in supply.
Choice it the option you have to make between goods and services by taking the one with a greater priority
Opportunity cost is the value of the best forgone option (good/service)
In general scarcity of goods and services forces humana beings to make a choice between the available ones and thus opportunity cost comes in as the value of the best forgone option.
Erwoti answered the question on July 5, 2018 at 17:47
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