Question

what are the basic ecanomic problems​

Answer 1

Answer:

The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. Unlimited wants mean that there is no end to the quantity of goods and services people would like to consume. .....

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Answer 2

Answer:

All societies face the economic problem ,which is the problem of how to make the best use of limited or scarce , resources .The economic problems exist because , although the need and wants of people are endless ,the resources available to satisfy need and wants are limited