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What Is An Economic Problem?

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What Is An Economic Problem?

Posted by Kush Acha 6 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Suhani Sharma 6 years, 11 months ago

A theory that scarcity exists in the sense that only finite and insufficient resources are available to satisfy the needs and desires of all human beings. The fundamental economic problem then faced by human society and business operators is how to allocate scarce resources to the provision of various goods and services within the economy.

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