TERMINAL EXERCISE
How do economic problems arise? Would there be any economic problem if
resources were unlimited?
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0
Answer:
yes because it is correct
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5
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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
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