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Define the economic problem?

define economic problem


What is science have to do with the economic?

science helps in economy when it comes to scientific problems that can decrease the economic status of a particular place, this, therefore, with the scientific research that can be obtained would help that particular area in any problem there are facing, example outbreak of deseases which can degrade economic activities,with the help of science economy of a place can attain a greater sorce to solve its difficult and non-difficult problem for its citizen.


What is the basic economic problem facing all societys?

the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.


What problems face Tennessee today?

Poverty is a major problem that the people in Tennessee are facing. Pollution is another major problem in the state.


What is economic consequences?

the consequences of the economic problem


What is the basic economical problem?

the basic economic problem in the socity is choice,as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.


What economic problems that encounter in to the school?

voucher economic problem


How does a command economic system solve their economic problem?

gg


The economic premise states that?

scarcity is the universal economic problem.


Economic system are created by people to deal with the problem of?

Economic system are created by people to deal with the problem of?


What is the central economic problem that all societies have to face using the concept of opportunity cost?

What is the central economic problem


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.