Question

9. Explain the
central problems of
an economy ?​

Answer 1

Answer:

it may help u

Explanation:

The basic economic activities of life are production, distribution and disposition of goods and services. A society will be facing scarcity of resources during the time of fulfillment of these activities. As such scarcity is evident, due to the availability of limited resources, and human needs having no limit.

Answer 2

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The basic economic activities of life are production, distribution and disposition of goods and services. A society will be facing scarcity of resources during the time of fulfillment of these activities. ... Therefore, this variation between the supply and demand leads to the formation of central problems of an economy