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What does an economic problem aria explain ?
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What does an economic problem aria explain ?
An economic problem is basically the problem of choice which arises because of scarcity of resources. Human wants are unlimited but means to satisfy them are limited. Therefore, all human wants cannot be satisfied with limited means. Wants differ in intensity and limited resources have alternative uses. In such a background, every consumer tries to satisfy his maximum wants. Therefore, one has to choose as to what goods one should consume and in what quantity. Economic problem arises the movment problem of choice arises. Actually speaking, economic problem is basically the problem of choice.
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What does an economic problem aria explain ?
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What does an economic problem aria explain ?
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What does an economic problem aria explain ? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about What does an economic problem aria explain ? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does an economic problem aria explain ?.
What does an economic problem aria explain ? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about What does an economic problem aria explain ? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does an economic problem aria explain ?.
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