133k views
2 votes
State that the scarcity is the root cause of economic problems​

User Lindsey
by
7.8k points

1 Answer

3 votes

Answer:

resources are limited and wants are unlimited thus the resources are scarce.

Step-by-step explanation:

The basic root of economic problems arises from the fact that resources are limited and wants are unlimited thus the resources are scarce. Society must now choose what to produce, how to produce and for whom to produce

User Cfulton
by
9.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.