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Notes on the Central Problems of an Economy [with its solutions]

Compilation of Notes on the Central Problems of an Economy with its solution for class 10, 11 and 12 students. Rich or poor, developed or undeveloped, every economy must face three central problems. These are: (A) What to produce? (B) How to produce? and (C) For whom to produce? Following is a brief description of […]

Central Problems of an Economy (With Diagram)

In this article we will discuss about the central problems of an economy, also learn about their relative importance. Every nation’s resources are insufficient to produce the quantities of goods and services that would be required to satisfy all the wants of its citizens. This is known as the problem of scarcity and this can […]

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