What are the main causes of economic problems in an economy?
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Causes of Economic Problem:
(i) Unlimited Wants: ADVERTISEMENTS: ...
(ii) Limited Resources: In economics, scarcity means that commodities and resources to produce goods and services are less in relation to their demand. ...
(iii) Alternative Uses of Resources: Means are not only limited but also have alternative uses.
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lack of goods
lack of manpower.
lack of tools,etc
sorry i knou only this information
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