MAY 100 LOAD ANG MKAA SAGOT ,PAG MALI REPORT

Every society must make choices about which essential should be allocated with the available but limited resources for production. In most cases, where there is scarcity in the production of necessities, or where there are no enough funds to accomplish everything for the satisfaction of everyone, the society has to make better choices. Today, we have to adjust to the new normal way of living. There is scarcity in the production of goods and services for everyone’s needs and wants. Everything in this world has limitations. Rich and poor, all individuals…”ceteres paribus….” “all else are equal”….. Regardless of your economic status, which is more important to you, health or unlimited supply for your wants? _________________________________________________________________________ _________________________________________________________________________ _________________________________________________________________________ _________________________________________________________​

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