what gives rise to an economic problem
Answers
Answered by
32
Explanation:
Economic problem arises from the scarcity of resources relative to human wants. Thus unlimited wants and scarce resources lead to the origin of the basic economic problem in all types of economies, rich or poor.
Hope it will help you
Answered by
1
Answer:
I gives you 3 reasons
Explanation:
1.Wants of the people are unlimited.2 Resources are limited.3 Resources have alternative uses. For Whom to Produce means that how should output produced be distributed among people. How much output will each person get depend on the income of the person Therefore the problem amounts to how should income be distributed in the society.
Similar questions