What is meant by economic problems?why does it arise?
Answers
Answered by
50
Economics problems are the problem of choice or the optimum utilisation of scare resources......
Economic problems arise because....
1 Resources are scare .....
2 Resources have alternative uses...
3 Human wants are unlimited...
These all figured out the 3 central problems of an economy...... What to produce... How to produce.... For whom to produce ....
Economic problems arise because....
1 Resources are scare .....
2 Resources have alternative uses...
3 Human wants are unlimited...
These all figured out the 3 central problems of an economy...... What to produce... How to produce.... For whom to produce ....
Answered by
9
hope you will like my answer.
Attachments:
Similar questions