What are the basic problem of economic system
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Economic Issues in India: Development Issues, Low level of ... The primary economic issues in India are: Low per capita income. Huge dependence of population on agriculture. Heavy population pressure.
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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. Finite resources mean they are limited and can run out.
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