Question

who revolves economic and social problems?​

Answer 1

Answer:

n a broad sense, an economic problem can be defined as an abnormal and irrational or irrelevant behavior by socio-economic units and market components. There are innumerable causes for this. Though there is no scale that measures the level of abnormal behavior, a financial problem is said to have arisen when the abnormal behavior by economic components tend to affect several institutions.

In this discussion, market components signify 3 major constituents of the market, namely, demand, supply, and price. Though the magnitude of all the three components is small, it plays a highly influential role at a macro level. The term institute defines individuals, organizations, companies, government, governing bodies, and any unit which is capable of conducting economic activity.

Explanation:

Answer 2

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