Question

State the central problems of an economy. when do they arise and what are the solution to the economic problems

Answer 1

what to produce? how to produce? for whom to produce? the problems arises when resources are scarce and limited.solution of these problems are increase employment opportunity and education facility. development of a country

Answer 2

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The central problems of an economy is the production of goods and services, its distribution and indisposition/sales. these problems arise mainly due to unavailability/scarcity of resources which affects all the above systems