Question

define and economic problem​

Answer 1

Answer:

Economic problems are the science that studies human behavior in relationship with ends and scarce means that have alternative uses. In other words, it deals with the problem of choice. ... ' Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs.

Explanation:

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Answer 2

Answer:

It can be defined as another term for scarcity, which is the pervasive condition of human existence that exists because society has unlimited wants and needs, but limited resources used for their satisfaction.