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Economics problems arise in all societies because

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Economics JAMB 2024

Economics problems arise in all societies because

  • the services of economists are not employed
  • resource are not in adequate supply checkmark
  • there is no proper planning
  • resources are mismanaged by leaders

The correct answer is: B

Explanation

Economics problems arise in all societies due to the fundamental problem of scarcity. Scarcity means that resources are limited in comparison to unlimited wants and needs. This scarcity necessitates choices and trade-offs, leading to economic problems.

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