Economy, asked by vpreetigmailcom, 1 year ago

what is the central problem of economocs

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Answered by VIDHII
1
The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfyhuman wants are scarce.
Answered by Anonymous
3

there are 3 central problem of economics

  • what to produce
  • how to produce
  • for whom to produce ...

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