In economics the central problem is ........

Economics- Phase (I & II) Consumption Function

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In economics the central problem is:

Allocation.

Consumption.

Scarcity.

Money.

Production.

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Explanation:

The allocation of scares resources and the distribution of the final goods and services are the central problem of the economy. The Reason behind these central problems is the compulsion of making choices among alternative uses of scarce resources to get maximum satisfaction