explain two examples of economic problems
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Examples of economic problems. The fundamental economic problem is the issue of scarcity but unlimited wants. Because of scarcity, there is a constant opportunity cost – if you use resources to consume one good, you cannot consume another.
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Explanation:
Examples of economic problems. The fundamental economic problem is the issue of scarcity but unlimited wants. ... Because of scarcity, there is a constant opportunity cost – if you use resources to consume one good, you cannot consume another.
Hope it helps you mate....
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