what are central problems??
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The economic problem sometimes called the basic or central economic problem asserts that an economy's finite resources are insufficient to satisfy all human wants and needs It assumes that human wants are unlimited but themeans to satisfy human wants are limited
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The central economic problem is that as the economies tries to provide human wants,they tent to be scarce and unlimited as they are meant to satisfactory and in abundance to complete the human desires.This remains a central economic problem while producing goods and services because it might be difficulty to understand what kind of products must satisfy human wants.
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