13. Explain economic problem, what are its main causes?
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hey dear
economic problem ;; it also called as the basic or central economic problem . it asserts yhan an economys finite resources are insufficient to satisfyall human wants and needs . it assumes that human wants are unlimitedbut it means that to satisfy the human need limited
main causes of economic problem
1. allocation of resources
2 choice of production methods
3 distribution of national product
4 economy efficiency
5 full of employmentof resources
hope helps you
economic problem ;; it also called as the basic or central economic problem . it asserts yhan an economys finite resources are insufficient to satisfyall human wants and needs . it assumes that human wants are unlimitedbut it means that to satisfy the human need limited
main causes of economic problem
1. allocation of resources
2 choice of production methods
3 distribution of national product
4 economy efficiency
5 full of employmentof resources
hope helps you
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3
Answer:
An economic problem is a such problem in the economy that is concerned with the production of goods and services to satisfy the unlimited wants of the economy through the utilization of scarce resources.
Main Causes of economic problem are:
- Scarcity of Resources:
- Unlimited Human Wants:
- Alternate Uses
Explanation:
: ) !! ^^
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