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Question
Discuss the causes of economic problems.
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Solution
The causes of economic problems are :(i) Unlimited Wants: wants are unlimited in nature.
(ii) Limited Resources: Ineconomics, scarcity means that commodities and resources to produce goods and services are less in relation to their demand. ...
(iii) Alternative Uses of Resources: Means are not only limited but also have alternative uses.
(i) Unlimited Wants: wants are unlimited in nature.
(ii) Limited Resources: Ineconomics, scarcity means that commodities and resources to produce goods and services are less in relation to their demand. ...
(iii) Alternative Uses of Resources: Means are not only limited but also have alternative uses.
(ii) Limited Resources: Ineconomics, scarcity means that commodities and resources to produce goods and services are less in relation to their demand. ...
(iii) Alternative Uses of Resources: Means are not only limited but also have alternative uses.
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