what are the three central problem of an economy? why do they arise?
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Every has to face the three major problem namely,Production,Distribution and Deposition{consumption}.
Production; It suggests what to produce depending on the markets available.
Distribution; it deals with what means do these economies should use to reach out to all required markets.
Deposition or consumption;this is where the intended or targeted consumers are reached out and given the chance to buy and consume the produced goods and services at a considerable market prices.
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The central problems of an economy is the production of goods and services, its distribution and indisposition/sales. these problems arise mainly due to unavailability/scarcity of resources which affects all the above systems
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