why does economic problems arise? Explain
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❥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 problemof economising scarce resources.
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thank me
Explanation:
An economic problem is basically the problem of choice which arise because of scarcity of resources.Humans wants are unlimited but means to satisfy them are limited.Therefore all humans ,can't not be satisfied with limited means .In such a background ,Every consumer tries to satisfy his maximum wants
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