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the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
What else can I help you with?
What are the solutions for basic economic problems?
what are the basic economic problems facing nigeria and their possible solutions
How are the basic economic problems solved in economies?
this sucks
What are the three main elements of the basic economic problems?
scarcity,choice ,demand
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
Two of the United States basic economic problems during the Depression?
Germany & France
What are the solutions for basic economic problems?
what are the basic economic problems facing nigeria and their possible solutions
What do economics systems of other countries have in common with the US?
They face the same basic economic problems
How are the basic economic problems solved in economies?
this sucks
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.
What are the three main elements of the basic economic problems?
scarcity,choice ,demand
What do the economics systems in other countries have in common with the economic system of the us?
They face the same basic economic problems
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
Two of the United States basic economic problems during the Depression?
Germany & France
Answer to the 3 basic economic problems?
4 Economic Problems:1. Consumption Problem-what to produce2. Production Problem-how to produce3. Distribution Problem-for whom to produce4. Growth over time
How market forces help to solve basic economic problems?
how does the market mechanism solve the basic problem of free market economy?
What are the 4 basic economics problems?
following are the 4 basic economics problems- 1 what to produce and how much to produce? 2 how to produce? 3 for whom to produce? 4 how to accelerate economic growth?
What are the 4 basic economic problems in your society?
what to produce how to produce for whom to produce efficient use of resources
