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Economic problems arrive only due to …

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Economic problems arrive only due to unlimited human wants are you agree this statement ?

Posted by Anand Raj 7 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Khushi Sharma 7 years, 4 months ago

I think economic problem not arise only due to unlimited human wants as it also arise due to scarcity of resources and alternative uses as well. ( human wants are never ending ....they can never be fully satisfied ...As long as one want or desire ends ,another new want emerges .....and this creates the problem of choice ...we have to make a choice on the basis of priorities.... as resources are limited whereas human wants are unlimited...)

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