To which of the following factors does economic problem relate to?

Choice

The economic problem relates to: Choice

Explanation: The economic problem arises due to the scarcity of resources relative to unlimited human wants. It relates to the need to make choices about how to allocate limited resources among competing uses. This involves decisions about what to produce, how to produce, and for whom to produce, which are central to the field of economics. Due to scarcity of resources, problem of choice arises. In other words, every society has to decide on how to use its scarce resources to get maximum benefit out of the same.Therefore, the economic problem is closely related to the concept of choice.

Industry selection and customer selection are specific aspects that may be influenced by the economic problem, as they involve making choices about resource allocation and production based on demand and market conditions. However, the fundamental concept underlying these choices is the economic problem itself, which revolves around scarcity and the need to make choices.