CHOICE

The optimization objective of the economic actors necessitates making knowledgeable choice in the use of available the use of available resource. Choice is involved in economic activates at both consumption and production levels. It also cancers individual and the state the problems of choice being with an individuals liking of how mush time he would allot for work and how much fore leisure. The more time he earns. On the income earned, the choice is between how much to consume now and much to save for the future. Choice in consumption men’s what to by food or clothes, sweets or toys or combustion of both in limited quantities, we discussed about scarcity and choice above. The terms will be repeatedly used in the following sections. The meaning of scarcity in relation to the nature of good that always command value and the relatively limited of resources . Similarly, there is always a problem of choice because of resources and their alternative uses. Let us now turn to allocation of resources.