What is fundamental (basic) problem of an economiy ? What is an economiy ?
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Fundamental Problems of an Economy. ... An economy exists because of two basicfacts: Firstly human wants for goods and services are unlimited; and secondly, productive resources with which to produce goods and services are scarce. Wants being unlimited and our resources being limited, we cannot satisfy all out wants.
baashaabdi145:
We can say the main problem of economy is scarcity .
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