what does economic problem arises
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Economic problem arises from scarcity of resource . Every economy faces scarcity of resources because their wants are unlimited and their resources (means) are limited. Therefore, economic problem is the problem of economising scarce resources. It means making the best use of the available resources.
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Answer:
economic problems can be there because of bad political leaders or the unavailability of jobs , it can also be the case of bad financial knowledge.
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