Economic problem is also known as, Problem of production, Problem of choices, Problem of distribution, Problem of saving, Which of the following is a renewable resource?, Sunlight, Coal, Petroleum, Natural gas, Which of the following are the causes of Economic Problem?, Population Growth, Poverty and Unemployment, Saving, Investment and Consumption, Unlimited Resources, Limited Wants and Inflation, Unlimited Wants, Limited Resources and Alternative Uses of Resources, Human wants are called unlimited because, All wants can be satisfied at one time, One want gives rise to another, People do not have any wants, Wants end after earning money, A farmer has only one acre of land. He can either grow sugarcane or build a poultry farm on it. This situation represents which cause of economic problem?, Unlimited wants, Limited resources, Alternative uses of resources, Economic growth, Why do people have to make choices?, Because resources are limited and wants are unlimited, Because resources are unlimited, Because all wants can be satisfied, Because people do not have wants
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Basic problems of the Economy
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Sushmita31
Class 9
Economics
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