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WAEC - Economics (2019 - No. 1)

The fundamental economic problem in every society is
the large number of the unemployed
Limited supply of productive resources
inadequate supply of money
corruption and mismanagement

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The fundamental economic problem facing all societies is the problem of scarcity or limited resources to satisfy human wants. As we all know, human wants and unlimited, and the resources meant to satisfy these needs are less than required.

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