Efficient

distribution
among
Efficient consumers and
consumption producers. Efficient
within production within
consumers industry

With limited
resources, we
need to make the
most out of Natural resources that
available resources Resources
are non-renewable
to sastify the
demand/supply. Lack of
production
availbilities such
Efficiency Limited
as physical labour
resources (human resources)
or limited in
techonology

Opportunity cost
on alternative
goods
Scarcity

Decision
making on what
to produce from
Demand for
scarced
economic goods
resources
are greater than
resources
availbility.

Choice