What is the fundamental problem in a society and the reason we study economics? a) scarcity b) lack of capital 18 c) the factors of production d) labor shortage

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asked Jul 15, 2022 120k views

22 votes

What is the fundamental problem in a society and the reason we study economics?

a) scarcity
b) lack of capital
18
c) the factors of production
d) labor shortage

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high-school

Ipavlic asked

by Ipavlic

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2 Answers

10 votes

Answer:

Step-by-step explanation:

the fundamental economic problem facing all societies is that of scarcity.

Justin Summerlin answered Jul 17, 2022

by Justin Summerlin

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7 votes

The answer is “A” scarcity

Chamath Jeevan answered Jul 22, 2022

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