state three
central problem
of an Economy a
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ADVERTISEMENTS: 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.
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The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.
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