Question

2. Explain all the economic problems



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Answer 1

Answer:

The economic problem

All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources. The economic problem exists because, although the needs and wants of people are endless, the resources available to satisfy needs and wants are limited.

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Answer 2

Answer:

economic problems include

1. lack of sanitisation
2. lack of food resource
3. lack of education
4. lack of knowledge
5. lack of awareness
6. lack of freedom
7. presence of struggle
8. lack of communication
9. lack of self dependancy