Describe the central economic problem facing all humans

Question

Jean Collier

Social Studies

27 December, 11:46

Describe the central economic problem facing all humans

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Amaris Mata · Answer 1

Scarcity is the central economic problem in all societies, irrespective of the type of economic system.". Discuss. Scarcity is the inability to satisfy all wants of due to a lack in resources or supply, where human want exceeds the output this can lead to something becoming scarce.

Explanation:

Scarcity is the central economic problem in all societies, irrespective of the type of economic system.". Discuss. Scarcity is the inability to satisfy all wants of due to a lack in resources or supply, where human want exceeds the output this can lead to something becoming scarce.