Economic problems refer to issues that arise when resources are limited while human wants are unlimited. This imbalance can lead to scarcity, where not enough goods and services are available to meet the needs of the population. Common economic problems include unemployment, inflation, and poverty, which can affect individuals and communities. Governments and policymakers often address these economic problems through various strategies, such as adjusting interest rates or implementing fiscal policies. For example, central banks may lower interest rates to encourage borrowing and spending, while social programs can help alleviate poverty by providing financial assistance to those in need.