Economic problem

The problem concerning the choice of resources is called” economic problem” Being a human being we all know that our wants are unsatisfied & at the same time the means are available to satisfy our wants are limited. It is simply impossible to produce every thing for each individual, as no economy has unlimited resources So every economy has to make choice regarding there efficient use of available resources of economy and there arises economic problem. Thus, economic problem we mean problem of choice and problem of economical use of resources. But economic problem is not the problem  of distribution of present resources only because it also the problem of future growth and distribution of the resources. Thus, we can say that economic problem is that problem which is concerned with the proper allocation of present resources as well as future growth and distribution of resources.