Economics problems arise in all societies because
ECONOMICS
JAMB 2022
Economics problems arise in all societies because
- A. resources are mismanaged by leaders
- B. there is no proper planning
- C. resource are not in adequate supply
- D. the services of economists are not employed
Correct Answer: C. resource are not in adequate supply
Explanation
The basic problem of every society arise as a result of scarcity i.e limited supply of resources since our wants are unlimited.
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