Question

what is basic economic problems ?​

Answer 1

Answer:

The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. Unlimited wants mean that there is no end to the quantity of goods and services people would like to consume

Explanation:

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Answer 2

Answer:

The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. ... Unlimited wants mean that there is no end to the quantity of goods and services people would like to consume.