Question

explain central problems of an economy In 40to60 word

Answer 1

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Economic growth enables theeconomy to have more of both the goods.


Conclusion: All these central problems of an economy are interrelated and interdependent. They arise from the fundamental economic problems of scarcity of means and multiplicity of ends which lead to theproblem of choice or economizing of resources

Some of the central problems that are faced by every economy of a country are as follows: Production, distribution and disposition 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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Answer 2

some of the central problems that are faced by even economy of a country are as follows production, distribution and disposition 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
central problems of an economy
advertisement; the problem of choice arises on account of the pleasure of three interrelated facts , viz, human wants are unlimited means required to satisfy these wants are limited and means are capable of being put to alternative uses.