supply and demand is a problem that all economy's must deal with or an easier way to put it is how to satisfy unlimited wants with limited resources
Answer:
The basic problem that every Economy must deal with is SCARCITY which is very vital to deal with if an economy is to strive
Explanation:
The basic problem that all economies must deal with is scarcity otherwise called (demand and supply) scarcity is having limited resources and unlimited wants. to solve this problem Economies will have to make good allocation of resources to what to produce,distribute and consume and aim to get good returns on resources allocated to these in other to sustain the economy
