Question

Conclusion of central problems of an economy

Answer 1

Answer:

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Answer 2

Answer:

The following are the central problems with an economy:

• What to produce?
• How to produce?
• For whom to produce?

The following are some of the major issues that any nation's economy faces: The fundamental economic activities of life are the creation, provision, and disposal of products and services. Every civilization must deal with resource shortages as a result of these actions.

All of these economic systemic issues are linked and dependent on one another. They result from the underlying economic issues of resource scarcity and diversity of goals, which create the dilemma of resource allocation or choice.

Thus, the conclusion of the central problems of an economy,

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