No products in the cart.

Write any two central problems of …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Write any two central problems of an economy
  • 1 answers

Sia ? 5 years, 5 months ago

Economic problem. The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are scarce.
The other central problem of an economy relates to full utilisation of resources- land, labour, capital. ... Similarly in our agricultural land we still grow only one crop in a year. This is not a good sign, as the resources are already scarce.

http://mycbseguide.com/examin8/

Related Questions

Mudra kise kehte hai
  • 2 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App