what are the basic problems in an economy?
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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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it is issue of scarity and how best to produce and distribute the scare resoures
2.Scarity meansthere is a finite supply of good and raw material
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