The basic economic problem of all economies is to make the best use of resources to satisfy wants.
A
Limited
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Unlimited
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Same
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Different
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct options are A Limited B Unlimited The basic or central economic problem asserts that an economy's finite resources are insufficient to satisfy unlimited wants.