Economy, asked by nehalvlogging97, 4 days ago

answer the following in detail

what is meant by economic problem ? why does it arise ?

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Answers

Answered by yogank06
0

Answer:

An economic problem refers to any 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. The problems arises when these resources become scarce and their demand becomes unlimited.

Answered by pranjalkushwaha297
2

Answer:

what is meant by economic problem ?

An economic problem refers to any 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.

why does it arise ?

The problems arises when these resources become scarce and their demand becomes unlimited.

Explanation:

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