Description

This content has been created by Mr. Pradeep Negi.


The economic problem states that the limited resources of any economy cannot meet all the needs of humans. It believes that human needs are infinite, while the means to fulfill them are less. 'Economic problem' is also called 'fundamental economic problem'. Due to this, three questions arise - (1) What should be created? (2) How to be born? (3) Who should be born for?