Question

what are the funtemental problem faced by an economy​

Answer 1

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.

Answer 2

Explanation:

The economic problem can be divided into three different parts, which are given below.

1. Problem of allocation of resources.
2. The problem of full employment of resources.
3. The problem of economic growth.