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Yea of course....its due to economic growth goods and services are produced at large and hence fight the problem of scarcity as everyone will be able to consume goods

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How does the mixed economy solve the basic economic problem?

A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.


How does the government try to promote economic strength?

The best way the US government can promote economic strength is through innovation. Innovation creates ideas, solves problems, and develops jobs for future generations.


One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules What exactly is that disagreement Any implications?

This disagreement stems from differing views on government intervention in the economy. Policy activism requires that the monetary and fiscal policy be used in such a way as to improve the economy. This type of reasoning dates back to Keynes, who believed that the economy sometimes needs government help to avoid stagnation. Policy rules require instead that the government use such things as a constant-growth-rate policy so as to accommodate economic growth, but not to attempt to stimulate it. In other words, the economy is best left to its own devices, and government intervention causes more problems than it solves.


Does money cause more problems than it solves?

Quite often, especially if you don't know how to manage it or deal with taxes.But it does solve problems that poverty brings.


What are examples of non-existent demand?

Non-existent demand refers to situations where there is no consumer interest or need for a product or service. Examples include a high-tech gadget that solves a problem nobody has, like a device that automatically organizes a person's sock drawer when consumers are satisfied with their current methods. Similarly, a luxury item aimed at a demographic that does not prioritize or have the means for luxury spending, such as designer clothing marketed to low-income families, also demonstrates non-existent demand. In both cases, the product fails to resonate with potential buyers, resulting in little to no market interest.

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