Which of the following is a cause of economic problem?

1.	Which of the following is a cause of economic problem?
Answer» <html><body><p>Scarcity of Resources <br/>Unlimited <a href="https://interviewquestions.tuteehub.com/tag/wants-1448762" style="font-weight:bold;" target="_blank" title="Click to know more about WANTS">WANTS</a> <br/>Alternative Uses <br/>All of these </p>Solution :D. Central problems of an economy arise due to the following reasons :(a) Limited or Scarce Resources: Resources are scarce in relation to our wants and economy cannot produce all what people want. It is the principal reason for existence of economic problems in all <a href="https://interviewquestions.tuteehub.com/tag/economies-965541" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMIES">ECONOMIES</a>.(<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>) Alternative uses: Resources can be put to alternative uses. For example, land is used not only for the production of crops but also for construction buildings and factories. As a result, the economy has to make a choice between the alternative uses of the given resources.(c) Unlimited wants: Human wants are unlimited in number. They are never-ending and they can never be <a href="https://interviewquestions.tuteehub.com/tag/fully-2663010" style="font-weight:bold;" target="_blank" title="Click to know more about FULLY">FULLY</a> satisfied.</body></html>

Discussion