<P> The economic problem -- sometimes called the basic or central economic problem -- asserts that an economy 's finite resources are insufficient to satisfy all human wants and needs . It assumes that human wants are unlimited , but the means to satisfy human wants are limited . Economy problem is the problem of rational management of resources or the problem of optimum utilisation of resources.it arises because 1 resources are scarce and 2 </P>
<P> The economic problem -- sometimes called the basic or central economic problem -- asserts that an economy 's finite resources are insufficient to satisfy all human wants and needs . It assumes that human wants are unlimited , but the means to satisfy human wants are limited . Economy problem is the problem of rational management of resources or the problem of optimum utilisation of resources.it arises because 1 resources are scarce and 2 </P>
what occurs when there are limited resources but unlimited wants and needs
what occurs when there are limited resources but unlimited wants and needs
The economic problem -- sometimes called the basic or central economic problem
The economic problem -- sometimes called the basic or central economic problem