3
Question
Economic problem arises when ____________.
Economic problem arises when ____________.
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Solution
The correct option is D all of the above
The central economic problems rise for the basic
fact that the resources in the economy is scarce with many alternative uses whereas
the wants are unlimited. Therefore, it deals with the efficient allocation of
the resources for the production of goods and services in the economy.
The central economic problems rise for the basic fact that the resources in the economy is scarce with many alternative uses whereas the wants are unlimited. Therefore, it deals with the efficient allocation of the resources for the production of goods and services in the economy.
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