8. Mention the causes of economic problems.
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Causes of Economic Problem:
(i) Unlimited Wants. Human wants are unlimited in numbers. ...
(ii) Limited Resources: In economics, scarcity means that commodities and resources to produce goods and services are less in relation to their demand. ...
(iii) Alternative Uses of Resources:
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Answer:
Causes of Economic Problem:
(i) Unlimited Wants. Human wants are unlimited in numbers. ...
(ii) Limited Resources: In economics, scarcity means that commodities and resources to produce goods and services are less in relation to their demand. ...
(iii) Alternative Uses of Resources:
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