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Economic problem? and causes of economic …

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Economic problem? and causes of economic problem.

Posted by Muskan Aggarwal 5 years, 7 months ago

CBSE > Class 11 > Economics

3 answers

Arjun Badgujjar 5 years, 7 months ago

Economic problem basically the problem of choice which arise due to scarcity of resources which have alternative uses where human wants are unlimited. Causes of economic problems are: 1. Human wants unlimited 2. Scarcity of resources 3. Resources have alternative uses

Muskan Aggarwal 5 years, 7 months ago

Thanku

Anshika Patidar 5 years, 7 months ago

economic problem is a problem of choice which arises due to the scarcity of resources having alternative uses. resources are limited in relation to our demand and economy cannot produce all what people want so scarcity is root cause of economic problem.

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