Economics

Basic problems in economics?

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2012-04-15 09:22:42
2012-04-15 09:22:42

the basic problems in economics are as follows

what to produce,this problem rise due to our limited resources to our unlimited wants.in economy, the producer try solve these problem by producing the commodity which have the highest demand which will leads higher profit.remember that resources (land labor capital entrepreneurship) are scare or limited.

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