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The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as:
What goods and services should an economy produce?
How should we produce these goods and services?
Who should get the goods and services we produce?
What else can I help you with?
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
What are some common economics problems faced by developing countries?
Some common economic problems faced by developing countries include poverty, income inequality, lack of infrastructure, limited access to education and healthcare, high unemployment rates, inflation, and debt. These issues can hinder economic growth and development in these countries.
What are the economic problems involved with quarrying limestone?
makes the world end
What economic problems did America face after World War 1?
After World War I, America faced several economic problems, including a severe recession marked by high unemployment and inflation. The transition from a wartime economy to peacetime led to a decline in industrial production, causing layoffs and labor unrest. Additionally, agricultural prices fell sharply as demand decreased, leading to financial difficulties for farmers. These challenges contributed to the economic instability that preceded the Great Depression in the late 1920s.
Wartime economic problems for the north and south?
Although the north had an economic advantage over the south due to the industries the north faced an economic problems because they did not have a home front advantage such as the south. Furthermore the south lacked two economic advantages. One was the central goverment which would not let them tax the states. And inflation occurred causing more problems including the unity of the states. -11th grader from APUSH
What problems did the U.S. face entering World War 1?
After the World War 1, the United States was faced with economic problems. The country had to train, educate, and employ the people.
What problems faced Ford and carter?
Carter and Ford both faced economic problems but neither could solve the problems.
What was one of the economic problems both France and Britain faced after World War 1?
Repayment of loans to the United States
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
What economic problems faced the new nation?
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
What were four problems that the french directory faced?
Political Military Economic Legislative
What major problems did the US faced in the 21st century?
economic crash terrorism immigration
How did the imperialism encourage economic dependence?
What problems faced new nation in Latin America?
What were some ways Virginia attempted to deal with its economic problems and the problems faced by freed slave?
It gave rise to the Sharecropper.
What kind of economic problems has Nigeria faced in the past?
If you are in Miss Theresa's history class then I know you...
Did roman people ignore econmic problems?
The Roman took economic problems seriously when they faced the serious economic crisis of the third century. However, their understanding of economics was very limited.
What problems do children have in third world countries?
They faced death
