Explain the central problem of an economy with help of an
example
Answers
Answered by
0
Explanation:
A problem that an economy predominantly faces is the allocation of resources. Due to the scarcity of available resources, it leads to the troublesome situation of assigning these limited resources to produce goods and services that can fulfil societal wants maximally.
Answered by
0
Answer:
A problem that an economy predominantly faces is the allocation of resources. Due to the scarcity of available resources, it leads to the troublesome situation of assigning these limited resources to produce goods and services that can fulfil societal wants maximally.
Similar questions