what are economic problem and why do they arise explain
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economic problem arise due to unlimited wants exceed scarce resources . There are limited resources , but unlimited wants the problem is that unlimited wants cannot to be fulfilled with existing resources and technology.
Resources are in nature
scarcity is a situation where is not enough to satisfy everyone wants . A disenfranchised population may not volunteer for military service.
Resources are in nature
scarcity is a situation where is not enough to satisfy everyone wants . A disenfranchised population may not volunteer for military service.
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the basic problems are scarcity or unlimited resourceshe is one of the most basic economic problems we face . we run into scarcity because while resources are limited
we are the society with unlimited wants .
we are the society with unlimited wants .
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