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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
  • A. Limited supply of productive resources
  • B. inadequate supply of money
  • C. corruption and mismanagement
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Correct Answer: Option A
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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