What is the major economic problem all societies must deal with?

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asked Jul 10, 2021 122k views

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Matthew Leonard · Answer 1 · 2021-07-15T07:04:15+0000

Answer:

The fundamental economic problem facing all societies is that of scarcity. Scarcity is the condition that results from society not having enough resources to produce all the things people would like to have.

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What is the major economic problem all societies must deal with?

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