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

Nature of economic problem:

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

Course content