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The economic problem states that the world has limited resources but unlimited wants. Since unlimited wants cannot possibly be satisfied with the scarce resources present, the economic problem cannot be solved. For instance, there are a growing number of homeless people since homes cost a lot of resources to build and thus cannot be provided for free.

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Unlimited wants and limited resources. Wants grow more than resources

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The economic  problem is scarcity. Unlimited wants but limited resources. 

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The economic  problem is scarcity. Unlimited wants but limited resources. 

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Limited resources but unlimited wants

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the economic problem can never be solved as there are unlimited wants and scarce resources.

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All societies face economic problem, which is the problem of how to make the best use of limited resources. The economic problem exists because the needs and wants of people are endless and the resources available to satisfy needs and wants are also limited.

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The economic problem can never be solved because there are unlimited wants but the world has scarce resources which are not enough to satisfy the continuously increasing wants. Socities also face the difficulty of making the best use of scarce resources.

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economic problem is to satisfy unlimited needs and wants with limited resources. With limited resources, we cannot satisfy all human's needs and wants so we have to make the best use of scarce resources

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The economic problem cannot be solved because it is stated that there is unlimited ones from the people but limited resources in the world.

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1. Unlimited wants and needs.
2. Limited and scarce resources.
3. Even if amount of resources increase, people will not be satisfied.

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the economic problem is that there a unlimited wants but limited resources. so we need to allocate resources effectively which mean not everyones wants will be fullfilled