Economy, asked by Shreyes1783, 6 months ago

Name the two central problem faced by economy

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Answered by Anonymous
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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.

Micro economic problems

The problem of externalities. The economic problem of pollution. ...

Environmental issues. ...

Monopoly. ...

Inequality/poverty. ...

Volatile prices. ...

Volatile prices. ... Irrational behaviour. ...

Recession. ...

Inflation.

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