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Give at least three economic problems that we have faced in the present times and explain it on your own words.

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Sagot :

Answer:

1. Lack of support in the Agriculture industry

2. Shortage of supplies (due to the decrease in natural resources)

3. Monopolies dominating the market

Explanation:

The Agriculture industry suffers a lot because of the competition of foreign products such as affordable prices of imported rice. Shortage of supplies just like papers because of cutting too many trees. Monopolies taking over the market can lead to the failure of small businesses.