what is the difference between economic problem and Central problem?

Dear Student

Central Problems that almost every country faces are what to produce ? , how to produce ?, and from whom to produce ? Whereas economic problems can be enlisted as all the major problems that an economy faces regarding allocation of resources , uses of factors of production , trading , infrastructure etc . Central problems are the basic problems that can be called a part of economic problems . We use the term economic problems in a broader sense .

Regards .


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