Question

Central problems of an economy
and explain them​

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. Scarcity is evident, due to the availability of limited resources, and human needs having no limit.

Answer 2

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. Scarcity is evident, due to the availability of limited resources, and human needs having no limit.