what is the basic cause of economic problems ?
Answers
Answered by
0
Causes of Economic Problem
Scarcity of resources: Resources like labour, land, and capital are insufficient as compared to the demand. Therefore, the economy cannot provide everything that people want. Unlimited Human Wants: Human beings' demands and wants are unlimited which means they will never be satisfied.
hope it helps
Answered by
0
Answer:
Causes of Economic Problem
Scarcity of resources: Resources like labour, land, and capital are insufficient as compared to the demand. Therefore, the economy cannot provide everything that people want. Unlimited Human Wants: Human beings' demands and wants are unlimited which means they will never be satisfied.
Explanation:
Similar questions
English,
21 days ago
Business Studies,
21 days ago
English,
21 days ago
Hindi,
1 month ago
World Languages,
1 month ago
Math,
9 months ago
English,
9 months ago
Math,
9 months ago