what is economic problem
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Economic problems are the science that studies human behavior in relationship with ends and scarce means that have alternative uses. In other words, it deals with the problem of choice. ... ' Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs.
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Explanation:
Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.
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