What is economic problem and what does it arise?

1.	What is economic problem and what does it arise?
Answer» Economic problem is the problem of making choices between the limited resources and unlimited human wants.It arrises because of scarce resources related to their demand<br>Economic problem asserts that an economy\'s finite resources are insufficient to satisfy all human needs and wants.It arises due to: - limites means -unlimited wants-resources have alternative uses.

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