Economy, asked by vanshikasandhir9, 6 months ago

Explain the various causes of economic problem.

Answers

Answered by yashikarawat48
1

Answer:

Goods and services that satisfy human wants are produced with the help of resources such as land, labour, capital and enterprise. These resources are scarce while wants are unlimited. Due to scarcity of these resources, an economy cannot produce all that goods and services as required by its citizens.

Explanation:

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Answered by syedsadru123
1

Answer:

(I) scarcity of resources

(ii) unlimited human wants

(iii) alternative uses

are the main causes of economic problem

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