Question

why do central problem arise explaim the central problems of an economy

Answer 1

Answer:

Central problems of an economy arise due to the following reasons : (a) Limited or Scarce Resources: Resources are scarce in relation to our wants and economy cannot produce all what people want. It is the principal reason for existence of economic problems in all economies.

Answer 2

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The central problems of an economy is the production of goods and services, its distribution and indisposition/sales. these problems arise mainly due to unavailability/scarcity of resources which affects all the above systems