what causes economic problem answers in short
Answers
Answer:
The causes of economic problems are :
(i) Unlimited Wants: wants are unlimited in nature.
(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.
Answer:
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Explanation:
ANSWER
The causes of economic problems are :
(i) Unlimited Wants: wants are unlimited in nature.
(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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