People are forced to economize because of
A)competition.
B)pressure to conform.
C)scarcity.
D)the absence of money.
E)the presence of taxes.

Question

Quizplus · Accepted Answer

Economizing refers to the act of making choices based on limited resources. Scarcity is the fundamental reason why people have to economize. When resources are scarce, people must make choices about how to allocate them, and this involves economizing. Competition, pressure to conform, the absence of money, and the presence of taxes can all influence economic decision-making, but scarcity is the underlying reason why people have to economize.

People Are Forced to Economize Because of