The fundamental economic problem is

Name: The fundamental economic problem is
Brand: Quizplus
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Question

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The fundamental economic problem is that resources, such as land, labor, and capital, are limited or scarce relative to the unlimited wants and needs of people. This leads to the need for economic decision-making to allocate resources efficiently and effectively. Inflation, supply and demand, making more money, and unemployment are all important economic concepts, but they are not the fundamental economic problem.

The Fundamental Economic Problem Is