Question

What is the main reson behind the origin of an economic problem

Answer 1

Answer:

The main reason for the origin of economic problems is due to limited means as compared to wants. Wants are unlimited and resources to satisfy them are limited. Resource have alternative uses due to which the problem of choice arises.

Explanation:

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Answer 2

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..

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