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Answer to Question #129902 in Macroeconomics for Insha firdous

Question #129902

Why do economic problems arise


1
Expert's answer
2020-08-19T14:19:19-0400

Economic problem arises from scarcity of resource . Every economyfaces scarcity of resources because their wants are unlimited and their resources (means) are limited. Therefore, economic problem is theproblem of economising scarce resources.


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