How do we apply economic decision making to resources which have alternative uses?

Almost all resources can be called the scarce. As you are using scarce you have to use scarce inherently for one purpose

Explanation:

Economic decision making to the resources have different alternative uses of those resources. For example If a city wanted to build a cricket ground then the alternative of this resource is to be leave the land. The fundamental phenomena of economy is scarcity.

From then the resources are scarce, it is said the uses of the resources can make a decision that could make a decision to use it.

for example to make beverage you have to make some scarce resources. Opportunity cost is another alternative resources that is used by people to grow their economy

his average speed in km per hour is ≈ 55.4 km/h and about 15.4 m/s.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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