Basically the economic problem is the problem of resource allocation elaborate
Answers
Answered by
6
Allocation of resources. economics. Allocation of resources, apportionment of productive assets among different uses. Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited, and because any given resource can have many alternative uses.
Similar questions
History,
6 months ago
Science,
6 months ago
India Languages,
11 months ago
Chemistry,
11 months ago
English,
1 year ago