Question

what are central problem in economy?why do they arise



















































/

Answer 1

Since resources are scarce in every economy, no society can satisfy all the wants of it's people. Thus, a problem of choice arises. Goods are produced for those people who have the paying capacity. The capacity of people to pay for goods depends upon their level of income.

Answer 2

$\huge\bf{\underline{Answer:}}$

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