Why does an economic problems arise explain brainly a answer?
Answers
Answered by
1
Answer:
An economic problem is basically theproblem of choice which arisesbecause of scarcity of resources. Human wants are unlimited but means to satisfy them are limited. Therefore, all human wants cannot be satisfied with limited means. ... In such a background, every consumer tries to satisfy his maximum wants.
Answered by
0
Answer:
the economic problem arises due to the reason that there are unlimited human wants and limited resources which have alternate uses.
hope this will be correct
Similar questions