Question

conclusion on basic problems of economy​

Answer 1

Answer:

The economic problem –sometimes called basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.

Explanation:

Answer 2

The following points highlight the five basic problems of an economy. The problems are: 1. What to Produce and in What Quantities? 2. How to Produce these Goods? 3. For whom is the Goods Produced? 4. How Efficiently are the Resources being Utilised? 5. Is the Economy Growing?.

this are the major problems

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