Define the central problem of an economy.
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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.
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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.
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