What is the main reason behind the origin of an economic problem ?
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Scarcity of Resources:
It is the basic reason for existence of economic problems in all economies. Scarcity is universal and applies to all individuals, organisations and countries. There would have been no problem, if resources were not scarce.
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i) Scarcity of Resources:
It is the basic reason for existence of economic problems in all economies. Scarcity is universal and applies to all individuals, organisations and countries. There would have been no problem, if resources were not scarce
Explanation:
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