Yes. The difference is that richer countries can cover these basic ones more easily, and can move on to covering more advanced questions.
true
what are the basic economic problems facing nigeria and their possible solutions
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
market economy
Societies answer the three economic questions based on their values!
true
They face the same basic economic problems
They face the same basic economic problems
what are the basic economic problems facing nigeria and their possible solutions
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
market economy
Societies answer the three economic questions based on their values!
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
They face the same basic economic problems
According to how the three basic economic questions are answered.
market
this sucks