The fundamental questions in economics result from

Question

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The fundamental questions in economics arise due to the scarcity of resources relative to the wants of society. This scarcity leads to the need for individuals and societies to make choices about how to allocate limited resources in the most efficient and effective manner. Questions related to what goods and services to produce, how to produce them, and for whom to produce them are all based on the fundamental issue of scarcity.

The Fundamental Questions in Economics Result from