| 0455 IGCSE ECONOMICS
PAPER-2-TOPIC-1-BASIC ECONOMIC PROBLEM-TOPIC WISE PAST PAPERS / PAPER-2-NATURE OF ECONOMIC PROBLEM
Note:

IGCSE Economics Topic Questions on Nature of economic problem Paper 2

  • The economic problem arises from wants exceeding resources or that wants are infinite (unlimited) while resources are limited.
  • So, when the resources are limited and the wants are unlimited, a choice needs to be made.

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