Question

what is economic problem class 12​

Answer 1

Answer:

Economics Central Problems of An Economy, Production Possibility Curve and Opportunity Cost. 1. Economic Problem Problem of choice or a problem of allocation of resources is the major economic problem which arises due to scarce resources and alternative uses of resources.

Explanation:

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Answer 2

Answer:

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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