Question

Explain the factors which lead to the ecomonic problem.

Answer 1

Hlo dear brainly user...

It's your answer....

@@ Factors that leads to economic problems are as follows....

* Resources are scare.....
Means there is a shortage of resources according to the needs and it's creates an economic problem of choice...

* Resources have alternative uses....
Means if we decide to prepare the use of resources then still the problem of choice exist due to various uses....

* Human wants r unlimited....
Due to this we always suffer from economic crises in terms of choices..

### Good luck !!!

Answer 2

Economic Problem: The problem of choice, like an individual, also applies to the society as a whole. Thus, for an economy, economic problem is the problem of resource allocation. According to Milton Friedman, “An economic problem exists whenever scarce means are used to satisfy alternative ends.