Question

Q2)Economic problem arise because of
o Abundant resources
O Resources are scarce
o Inefficiency of authority
o Inefficient use of Resources
Which of the fol​

Answer 1

Answer:

Inefficient use of resources is the answer to your question.

Answer 2

Answer; Resources are scarce.

Economic problem arises from scarcity of resource . Every economy faces scarcity of resources because their wants are unlimited and their resources (means) are limited. Therefore, economic problem is the problem of economising scarce resources. It means making the best use of the available resources