Problem of Choice and Scarcity | Statistics for Economics | Chapter 1 | Class XI, XII, UPSC
About this episode
The episode discusses the basic problem of choice in economics and the concept of scarcity.
Discussion about the basic problem in economics which is Problem of Choice and why there is problem of choice. It also shed some light on the concept of scarcity.
More episodes of Deltamind Economics
- Presentation of Data | Chapter 4 | Statistics for Economics | Class XI, XII
- Frequency Distribution of Raw Data | Organisation of Data | Chapter 3 | Class XI, XII
- Organisation of Data | Classification of Data | Types of Variables | Chapter 3 | Class XI, XII
- Census and Sample Surveys | Sampling Error | Collection of Data | Chapter 2 | Class XI, XII
- Collection of Data | Sources of Data | Mode of Data Collection | Chapter 2 | Class XI, XII
- What is Statistics | What Statistics does | Statistics for Economics | Chapter 1 | Class XI, XII
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