Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited are important because they are used to make goods, like television, cars & houses and to provide Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited, like banking, insurance and transport. All of these resources are Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited. Any resources that are not scarce are called Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited. Wants are Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited but the resources used to produce the goods and services to satisfy these wants are Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited. That is, there is Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited. Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited is necessary because scarce resources can be used in lots of ways to make different goods and services. The real cost of choosing one thing and not another is known as the Choicefree goodslimitedopportunity costResourcesscarcescarcityserviceunlimited.