Question

discuss the central problem of an economy ?​

Answer 1

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. It assumes that human wants are unlimited, but the means to satisfy human wants are limited. Economics revolve around these fundamental economic problems.

Answer 2

some of the central problem are faced by the central economy is production, distribution, and deposition of goods and services are the basic economic activities of life. In the course of these activities every society has to face scarcity of resources..

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