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why does an economic problem arise

Asked by Mohit(student) , on 16/5/12


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1. unlimited human wants

2. limited resources

3.alternative uses of resources

Posted by Brijesh Negi(student)on 16/5/12

More Answers

it is a problem of scarcity 

1. unlimited wants 

2. limited resource

3.alternative uses of resources

Posted by Sangram Singh(student)on 16/5/12

it is because

resources are limited

human wants are unlimited

nd resources have alternative uses

Posted by Cool Boy(student)on 27/5/12

An economic problem arise because of two primary causes:

i) Human wants are unlimited with different priorities

ii) Economic resources are scarce which are not specific in its use but have alternative uses.

Posted by Joshi Philip(teacher)on 27/5/12

1. unlimited wants

2. limited resource

3.alternative uses of resources

Posted by Aditya Panchal(student)on 7/7/12

 1. human wants is unlimited,

2.limited resoures

3.alternative uses 

4.choice of resoures

Posted by Dilkash Rahat(student)on 13/4/13

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