Question

why does an economic problem arises explain ​

Answer 1

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☆ 3 basic economic problems are :-

Several fundamental types of economic systems exist to answer the three questions of what, how, and for whom to produce: traditional, command, market, and mixed.

Economic problem arises from scarcity of resource . Every economy faces scarcity of resources because their wants are unlimited and their resources (means) are limited. Therefore, economic problem is the problem of economising scarce resources. It means making the best use of the available resources.

♥ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ʏᴏᴜ.࿐

♥ғᴏʟʟᴏω ᴍᴇ ᴀɴᴅ ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪᴇsᴛ.࿐

Answer 2

Answer:

several fundamental types of economic systems exist to answer the three questions of what, how, and for whom to produce : traditional, command, market and mixed.

economic problem arises from scarcity of resource . every economic faces scarcity of resources because their wants are unlimited and their resources are limited. therefore, economic problem is the problem of economising scare resources. it means making the best use of the available resources

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