Answer to Question #249530 in Microeconomics for Harshii

Question

Assume you are from any one the following family how can you utilize the limited resources to fulfill your needs b) petty shoppers

Answer 1

Solution:

Since you are coming from a low-income family, the best to manage your needs given the limited resources is to undertake proper budgeting of all your needs and arrange them un in order of priority.

By having all your needs listed out, it will be easy for you to plan your budget accurately and apportion all your in an optimal manner. This will also allow you to save some funds for future use or to cover any emergencies that may arise. Therefore, you will be able to utilize the limited resources available to cover all your needs in a suitable manner.