Question

Basic reason for existence of economic problem is scarcity

Answer 1

Answer:

The Basic Problem - Scarcity

Scarcity, or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants. ... We have to do those things because resources are limited and cannot meet our own unlimited demands.

Explanation:

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Answer 2

Answer:

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