Economic problem

meera.ted.2000
Mind Map by meera.ted.2000, updated more than 1 year ago
meera.ted.2000
Created by meera.ted.2000 almost 5 years ago
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Description

Economic problem _ there exists unlimited wants but not enough resources to provide the goods and services to satisfy peoples wants. This creates scarcity

Resource summary

Economic problem
1 unlimited wants
1.1 scarcity
1.1.1 opportunity cost
2 limited resources
2.1 Factors of production
2.1.1 land
2.1.2 labor
2.1.3 capital
2.1.4 enterprise
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