The fundamental economic problem faced by all societies is ______________.

Unemployment

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Inequality

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Poverty

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Scarcity

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Scarcity
The fundamental economic problem faced by all societies is Scarcity. The economic resources are insufficient to satisfy human wants and needs. Human wants are unlimited, but the means to satisfy human wants are limited. Scarcity affect the economic growth of the country.

Suggest Corrections