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What do you understand by basic economic problem?
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
Basic economic problem will not be solved by?
which one of the following is not one of the basic economic question
How can microeconomics contribute to economic growth of a country?
yes
What are 2 examples of microeconomics?
The economic behavior of households and firms.
What has the author C Ackello-Ogutu written?
C. Ackello-Ogutu has written: 'Basic concepts of microeconomics' -- subject(s): Economic conditions, Economics, Microeconomics 'Basic concepts of microeconomics with special reference to Kenya'
What do you understand by basic economic problem?
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
Basic economic problem will not be solved by?
which one of the following is not one of the basic economic question
What are the basic problem in the Philippines?
The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.
How can microeconomics contribute to economic growth of a country?
yes
What are 2 examples of microeconomics?
The economic behavior of households and firms.
The study of an individual's economic decisions would be an example of?
microeconomics
How can the basic economic problem solved in a capitalist?
It is the price mechanism
Is population considered as an economic issue if yes is it a macro or microeconomics?
Yes, it is an economic issue and it is a macro economic indicator.
What is the basic economic problem that makes choices necessary?
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
Which are the two major fields of economic study?
The two major fields of economic study are macroeconomics and microeconomics. Macroeconomics deals with the large scale economic factors while microeconomics deals wit single factors of personal decisions.
