Question

explain briefly three factors that lead to an economic problem​

Answer 1

factors that lead to economic problem are:

1.Limited resources _ Resources like land,labour and capital are limited in relation to their demand and economy cannot produce all what people want.

2.Unlimited human wants _ Humans wants are unlimited. They are never satisfied. when one want is fulfilled another want arises..

3.Alternative uses _ Resources are not only scare but they put to various uses.For example milk is used to make curd,cheese,butter.