Economic problems exist due to the fundamental issue of scarcity, where resources are limited while human wants are virtually unlimited. This creates competition for resources, leading to choices about allocation and prioritization. Additionally, factors such as market inefficiencies, externalities, and unequal distribution of wealth can exacerbate these problems, causing disparities in access to goods and services. Ultimately, the interplay of supply and demand, along with human behavior, contributes to ongoing economic challenges.
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what are the basic economic problems facing nigeria and their possible solutions
Economic System
UNEMPLOYMENT.
What is international economic instability
It created economic problems .
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Economic Problems means trouble in the Economy
economic problems in kenya today
what are the basic economic problems facing nigeria and their possible solutions
People are affected by economic problems because their is no work and there is no money to pay their expenses.
voucher economic problem
economic problems
Yes
Economic System
Yes
no