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Question
What is an economic problem why does it arise ?
What is an economic problem why does it arise ?
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Solution
An economic problem refers to the problem in the economy which is concerned with the production of goods and service that satisfy the wants of the economy. The economy problem arises when the resources become scare and their demand becomes unlimited.
An economic problem refers to the problem in the economy which is concerned with the production of goods and service that satisfy the wants of the economy. The economy problem arises when the resources become scare and their demand becomes unlimited.
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