Scarcity of Resources:
- Scarcity of resources refers to the limited availability of resources such as land, labor, and capital to satisfy the unlimited wants of individuals and society.
- When resources are limited, it becomes difficult to produce enough goods and services to fulfill the demands of everyone in society, leading to economic problems.

Unlimited Wants:
- People have insatiable wants and desires, which are essentially unlimited. They always strive for more goods and services to improve their standard of living.
- However, the availability of resources is limited, which creates a gap between what people want and what can actually be produced, leading to economic issues.

Alternative Uses:
- Resources are scarce and can be used in various ways to produce different goods and services. This creates the problem of choice, as resources allocated to one use are then unavailable for other potential uses.
- Deciding how to best allocate resources among competing alternatives is a key economic problem that arises due to the concept of alternative uses.

All of the above:
- The combination of scarcity of resources, unlimited wants, and alternative uses contributes to economic problems that need to be addressed through effective resource allocation and management.
- These factors highlight the fundamental economic problem of scarcity, which necessitates making choices and trade-offs in resource allocation to ensure the efficient production and distribution of goods and services in society.

Scarcity of resources: this causes economic problems due to non availability of efficient resources

unliimited wants : resources are limited but wants are never ending

Alternative uses: this leads to allocation of resources hence limiting the available resources....


they all cause economic problems in a cpuntry.