The fundamental economic problem in every society is
ECONOMICS
WAEC 2019
The fundamental economic problem in every society is
- A. the large number of the unemployed
- B. Limited supply of productive resources
- C. inadequate supply of money
- D. corruption and mismanagement
Correct Answer: B. Limited supply of productive resources
Explanation
The fundamental economic problem facing all societies is the problem of scarcity or limited resources to satisfy human wants. As we all know, human wants and unlimited, and the resources meant to satisfy these needs are less than required.
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