Micro and macro economics note,Current economic topics,Economics topic 2020, Poems and quotes

        CENTRAL PROBLEMS OF AN ECONOMY In any Economy there are three central problems (or basic problem) of an economy , namely :- Production,Distribution and Disposal of the goods and services produced in any economy. Now a days every society ( Developed or Underdeveloped)  is  facing the problem of scarcity of resources.                                                       There is a term PPC , stands for Production possibility curve  which represents various combination of two goods which  an economy produces with given technique and resources. this term is used to describe all the problems of an economy graphically.   We can understand the  problems with the help of  this chart In this figure there are  three types of problems but these are now a days not recognised...