Answer:
The statement is false
Explanation:
Society faces the fundamental economic problem of scarcity: people have seemingly unlimited needs, but resources are limited. From this one fundamental problem three other important decisions follow:
- What goods and services to produce with the scarce resources available.
- How to produce those goods and services.
- And the final question, perhaps the one that causes the most conflict is: for who to produce those goods and services, or how to distribute them.
