Register

Explain what is meant by the basic 'economic problem'

Explain what is meant by the basic 'economic problem'
asked 9.2k views
5 votes
Explain what is meant by the basic 'economic problem'

asked
User Tary
by
8.4k points

1 Answer

1 vote

Step-by-step explanation:

Economic problem refers to fundamental issue of scarcity and how society must allocate it's limited resources to fulfill unlimited wants and needs.

answered
User Voidref
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!