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CBSE Class 11-commerce Answered

Why economics problems arries
Asked by Ajay121bisht | 08 Jul, 2019, 07:24: PM
answered-by-expert Expert Answer
Economic problem arises because:
1. Resources are scarce in relation to the demand of the economy and hence all goods cannot be produced.
2. Unlimited Human wants which cannot be satisfied due to limited resources and hence a choice has to be made.
3. Resources have alternate uses: resources are not only scarce but they alternate uses and as result economy has to make a choice between alternative uses of given resources.
Answered by Christina | 09 Jul, 2019, 12:47: PM
CBSE 11-commerce - Statistics for Economics
Asked by Maxmridul123 | 13 Dec, 2021, 07:27: PM
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CBSE 11-commerce - Statistics for Economics
Asked by aaalim830 | 04 Mar, 2020, 10:56: PM
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CBSE 11-commerce - Statistics for Economics
Asked by fishtailfever | 19 Feb, 2020, 01:52: PM
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CBSE 11-commerce - Statistics for Economics
Asked by ajaygupta62926 | 17 Feb, 2020, 08:19: PM
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CBSE 11-commerce - Statistics for Economics
Asked by sumitsahu2628 | 05 Feb, 2020, 12:07: PM
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CBSE 11-commerce - Statistics for Economics
Asked by gillgurchet82 | 03 Feb, 2020, 10:19: PM
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CBSE 11-commerce - Statistics for Economics
Asked by atwalbaljinder | 27 Jan, 2020, 08:30: AM
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