The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society
Many types of work can cause economic problems. Population growth is one of the reasons for this. Population has increased, but job opportunities for the youth have not increased. Again, economic problems also occur due to illegal money or wealth laundering. Such problems also occur due to not paying taxes on time and regularly. We, the common people, have to take care of all these issues