What are the 4 basic economic problems?
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The four basic problems of an economy, which arise from the central problem of scarcity of resources are:
What to produce?
How to produce?
For whom to produce?
What provisions (if any) are to be made for economic growth
Answered by
1
Answer:
The four basic problems of an economy, which arise from the central problem of scarcity of resources are:
What to produce?
How to produce?
For whom to produce?
What provisions (if any) are to be made for economic growth?
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