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Bhavesh Lalwani , asked a question
Subject: Economics , asked on 24/7/15

why does an economic problem arise

Joshi Philip From Govt Model Sr Sec School Port Blair, added an answer, on 27/5/12
5 helpful votes in Economics

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.

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Sangram Singh , added an answer, on 16/5/12
5 helpful votes in Economics

it is a problem of scarcity 

1. unlimited wants 

2. limited resource

3.alternative uses of resources

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Swapnil Raj Pratap Singh Ratho... From Suditi Global Academy, added an answer, on 14/6/15
3 helpful votes in Economics
Economic problems arises because the available resources are scare in relation to the unlimited wants for goods and services.
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Rishabh Jain , added an answer, on 12/5/15
Economic problem arise due to scarcity of resources in relation to their demand.
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Kishor Chauhan From M E S Boys School, added an answer, on 24/7/15
1 helpful votes in Economics
economic problem meas problem of choice arise due to...
1. unlimited wants and
2. limited resources / income
 from kishor chauhan
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Simran Malik From Sarvodaya Co-edu Vidyalaya, added an answer, on 6/5/15
economic problem arise due to the presence of scarcity
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Aditya Panchal From Trinity Convent Sr Sec School, added an answer, on 7/7/12
82 helpful votes in Economics

1. unlimited wants

2. limited resource

3.alternative uses of resources

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Cool Boy , added an answer, on 27/5/12
3 helpful votes in Economics

it is because

resources are limited

human wants are unlimited

nd resources have alternative uses

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Brijesh Negi From John Milton Public School, added an answer, on 16/5/12

1. unlimited human wants

2. limited resources

3.alternative uses of resources

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Dilkash Rahat , added an answer, on 13/4/13

 1. human wants is unlimited,

2.limited resoures

3.alternative uses 

4.choice of resoures

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