A basic economic problem of any society is?

A. high level of illiteracy
B. irregular power supply
C. population growth
D. resource allocation

Correct Answer: Option D

D. resource allocation

Explanation

The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. Finite resources mean they are limited and can run out