Question

what are the central problems of economics​

Answer 1

CENTRAL PROBLEM OF ECONOMICS-

Production, distribution and disposition of goods and services are the basic economic activities of life. In the course of these activities, every society has to face scarcity of resources. Because of this scarcity, every society has to decide how to allocate the scarce resources.

Answer 2

★Morning Curious★

☢The economic problem – sometimes called basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs.

☢It assumes that human wants are unlimited, but the means to satisfy human wants are limited

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