economic choice involves the election of a preferred embodiment of all.At any given time it can be traced limitations of different sources, necessary for the implementation of the entity that forms a certain objective for the production possibilities frontier.Economic resources and the problem of choice - a constant dilemma faced by specialists in this field.This should not be considered this issue in their limitations.The emergence of such shortages can be felt sharply to meet the needs of each individual.
Economic choice exists in almost all countries (developed and developing, rich and poor).Residents of any country are eager to get more services and benefits.In reality, humanity has not exploited all available resources.Therefore, sources previously used, could become unnecessary or "redundant".A good example is during the economic downturn of the production surplus labor.
Economic choice able to determine the rarity of resources with respect to limitlessness of human needs, which is characterized by constant growth and change in the process of market expansion and development of business and society.This problem is further complicated by the fact that sometimes the limitations found in the individual sources (it is, for example, minerals), or their non-reproducibility.For modern mankind has not invented a way to restore these stocks.Therefore, the economic choice should be directed to the resources that can be played.For example, the site can be cut down to plant new vineyards are young and healthy plants.However, in order that they begin to bear fruit, it will take some time.
The scientific literature has repeatedly touched upon the situation of economic choice, since it is able to exert influence on the further development of society.Among the authors of these publications focuses on the relatively limited benefits and resources.In other words, the period of the exhaustion of a particular source is determined by the efficiency of the use of its society.
all economic resources from the perspective of their role in the production process are classified into natural, investment and labor.
other authors drew attention to the absolute and relative limitations of such sources.At the same time on the second question, they should be consistent with the views of the scientists mentioned above.But they are absolutely scarce resources are defined as those that can be replaced by others.The opinion of the authors of the first concept sounds convincing, thanks to the continuous improvement of modern technology.They will now have to apply non-waste production, which is able to save resources management.
