Question

what is meant by an economic problem? 1 mark​

Answer 1

Answer:

ECONOMIC PROBLEMS MEANS TO HAVE ISSUES RELATED WITH MONEY.

ECONOMY REFERS TO THE INCOME OR REVENUE OF A COUNTERY WHICH DECIDES IF A COUNTRY IS RICH OR POOR.

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Answer 2

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• An economic problem refers to any such problem in the economy that is concerned with the production of goods and services to satisfy the unlimited wants of the economy through the utilization of scarce resources....