Problem arises due to scarcity of resources.
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The problem of what goods are to be produced and in what quantities arises directly from the scarcity of resources. ... But because resources are in fact scarce relative to human wants, an economy must choose among various goods and services.
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The problem of what goods are to be produced and in what quantities arises directly from the scarcity of resources. ... But because resources are in fact scarce relative to human wants, an economy must choose among various goods and services.
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