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Basic reason for existence of economic problem is scarcity |
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Answer» Answer: The BASIC Problem - Scarcity Scarcity, or limited resources, is one of the most basic ECONOMIC problems we face. We RUN into scarcity because while resources are limited, we are a society with unlimited WANTS. ... We have to do those things because resources are limited and cannot meet our own unlimited demands. Explanation: please mark me as braianliest |
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