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

why does an economic problem arise

Joshi Philip , added an answer, on 27/5/12
10 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.

  • Was this answer helpful?
  • 8
83% users found this answer helpful.
View Full Answer

What are you looking for?

Syllabus