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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Maxpro
3 years ago

The correct answer to the question is Limited supply of productive resources.
Below are correct explanation to the question👇👇

The fundamental economic problem in every society is that there are limited resources to meet unlimited wants and needs. This means that people and societies must make choices about how to allocate resources in order to satisfy their most important needs and wants.

Productive resources include land, labor, and capital. Land refers to natural resources such as oil, minerals, and fertile soil. Labor refers to the human effort required to produce goods and services. Capital refers to the tools, machinery, and equipment used in production.

For example, a society may have a limited amount of fertile land available for farming. This means that they must decide whether to use that land to grow crops for food or to use it for other purposes such as building homes or businesses. The society must also decide how much labor and capital to invest in farming versus other industries.

Another example is a society with limited access to capital. This means that they may not have enough tools or equipment to produce goods efficiently. This can lead to lower productivity and lower overall economic output.

In summary, the fundamental economic problem in every society is the limited supply of productive resources. This requires societies to make choices about how to allocate those resources in order to satisfy their most important needs and wants.

happinessogbodo
3 years ago

Your explanation is not corresponding withbyour chosen answer

isimemen4279
3 years ago

The labeling for the options is not in order

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