Describe the central economic problem facing all humans

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Social Studies

Carlo Wilcox

24 September, 07:35

Describe the central economic problem facing all humans

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Callie Bonilla · 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.