Question

economic central problem

ems​

Answer 1

Answer:

An economic problem generally means the problem of making choices that occurs because of the scarcity of resources. It arises because people have unlimited desires but the means to satisfy that desire is limited. Therefore, satisfying all human needs is difficult with limited means.

Explanation:

The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce

Central issues that are confronted by every economy of a nation are : Production, allocation and disposal of goods and services.