Question

State the fundamental economic problem that has led to the emergence of economics as a subject matter of study.

Answer 1

Answer:

All the economic problems revolve around the basic fact that the resources in the economy is scarce whereas the wants are unlimited. ... Therefore, the problem of these resource allocation for the satisfaction of wants is the biggest task of the economy.

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Answer 2

Hyy Dude

All the economic problems revolve around the basic fact that the resources in the economy is scarce whereas the wants are unlimited. ... Therefore, the problem of these resource allocation for the satisfaction of wants is the biggest task of the economy.

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