why does an economic problem arise

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Brijesh Negi answered this

1. unlimited human wants

2. limited resources

3.alternative uses of resources

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Sangram Singh answered this

it is a problem of scarcity

1. unlimited wants

2. limited resource

3.alternative uses of resources

Cool Boy answered this

it is because

resources are limited

human wants are unlimited

nd resources have alternative uses

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Joshi Philip answered this

An economic problem arise because of two primary causes:

i) Human wants are unlimited with different priorities

ii) Economic resources are scarce which are not specific in its use but have alternative uses.

Aditya Panchal answered this

1. unlimited wants

2. limited resource

3.alternative uses of resources

Dilkash Rahat answered this

1. human wants is unlimited,

2.limited resoures

3.alternative uses

4.choice of resoures

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Simran Malik answered this

economic problem arise due to the presence of scarcity

Rishabh Jain answered this

Economic problem arise due to scarcity of resources in relation to their demand.

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Swapnil Raj answered this

Economic problems arises because the available resources are scare in relation to the unlimited wants for goods and services.

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Kishor Chauhan answered this

economic problem meas problem of choice arise due to...
1. unlimited wants and
2. limited resources / income
from kishor chauhan

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Govinda Kakkar answered this

Economic problems arises due to unlimlited wants of human beings as their one wants satisfied another emerges.this is due to the scarity of resources.sacrity is the cause of all economic problems

Gitika answered this

Economic problems arises becoz our resources are limited but human wants are unlimited. In other words resources are scarce in relation to our wants which lead to emergence of economic problms

Mary Catherine answered this

Scarcity is the root of all economic problems.Scarcity of resources and alternative uses of resources leads to the problem of choice and this in turn leads to problem of allocation of resources.These problems are the problems of an economy

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Vaishnavi answered this

1) Scarcity of resources 2) unlimited human wants 3) can be put to alternative uses 4) wants differ in intensity

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Anu Tyagi answered this

An economic problem arises because we have to satisfy unlimited wants out of limited resources having alternative uses