what are the central problemsan economy?
very short
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Answer:
The basic economic activities of life are production, distribution and disposition of goods and services. A society will be facing scarcity of resources during the time of fulfillment of these activities.
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Explanation:
1) A problem that an economy predominantly faces is the allocation of resources.
2) Due to the scarcity of available resources, it leads to the trouble some situation of assigning these limited resources to produce goods and services that can fulfil societal wants maximally.
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