Individuals face an economic problem but society does not.

Name: Individuals face an economic problem but society does not.
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Question

Quizplus · Accepted Answer

Society as a whole does face economic problems such as scarcity of resources, unemployment, inflation, and inequality. However, society as a collective entity can make decisions and allocate resources to address these problems, whereas individuals have limited resources and must make choices about how to allocate them.

Individuals Face an Economic Problem but Society Does Not