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What is economic problem and what …

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What is economic problem and what does it arise?

Posted by Jitu Choudhary 7 years ago

CBSE > Class 11 > Economics

2 answers

Rahul Adhikari 7 years ago

Economic problem is the problem of making choices between the limited resources and unlimited human wants. It arrises because of scarce resources related to their demand

Aditi Majumder 7 years ago

Economic problem asserts that an economy's finite resources are insufficient to satisfy all human needs and wants. It arises due to: - limites means -unlimited wants -resources have alternative uses.

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