Economy, asked by sg5183178, 6 months ago

discuss the centreal problem of economy​

Answers

Answered by anjelshivani2008
2

Answer:

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.

As such scarcity is evident, due to the availability of limited resources, and human needs having no limit. Therefore, this variation between the supply and demand leads to the formation of central problems of an economy.

The central problems of an economy revolve around these factors.

What to produce?

How to produce?

For whom to produce?

Let us discuss these points in detail.

Answered by sarmeet0419
0

Answer:

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