What is the basic problem in Economics?

We all know that Economics is all about managing the resources which we currently have. The basic economic problem of Economics is that there are unlimited wants and limited resources in the world and it is impossible to satisfy everyone’s wants.

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O level Business Studies: How to solve the economic problem?
What is Economics?
Nature of the economic problem
How can we satisfy everyone’s wants?
What is economic problem?
O level Business Studies: Economic Problem
Studying Economics
Revision for A level Economics section 1
Unlimited wants and limited resources
GCE A level Economics 9079
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What is the basic problem in Economics?

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