If economics is about the allocation of scarce

resources

Write on how you allocated a scarce resource to

satisfy a need

ForExample:

Anna has Php 1000 to buy a gift and a food to share for a "bring and share

birthday party she was invited to". At first she wanted to buy a nice cake worth Php

900 which should be ok.But she thought

I should share more food for people to eat so she decided it is better to cook pansit

(para tipid at

Php350 only) as bring and share and to buy a Php 650 cake which is smaller but

delicious too.And that's what

happened.She allocated her scarce

resource to satisfy a need, with better outcome.