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What a the economic problems faced by the world?
TshepoSkoxMystikalSe...
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as:
What goods and services should an economy produce?
How should we produce these goods and services?
Who should get the goods and services we produce?
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∙ 11y ago
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If you are in Miss Theresa's history class then I know you...
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