Question

briefly explain Central problem of economy​

Answer 1

Answer:

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. The central problems of an economy revolve around these factors. ...

Explanation:

hope it helps you

Answer 2

Answer:

There are three Central Problem in an economy

1.What to Produce

Selection of goods

2. How to Produce

Selection of technology (Capital intensive or labour intensive)

3. For whom to Produce

Goods is produced for which people

Poor people or Rich people

Explanation:

I think it is clear for you