Question

The main cause of economic problem is​

Answer 1

Answer:

Resources (i.e. land, labour, capital, etc.) are limited in relation to their demand and economy cannot produce all what people want. ... It is the basic reason for existence of economic problems in all economies. Scarcity is universal and applies to all individuals, organisations and countries.

Answer 2

Resources (i.e. land, labour, capital, etc.) are limited in relation to their demand and economy cannot produce all what people want. ... It is the basic reason for existence of economic problems in all economies. Scarcity is universal and applies to all individuals, organisations and countries.