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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 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.


Is two child policy needed in the Philippines?

yes! cause As of now, Philippines is experiencing a problem, that is overpopulation. Philippines should adopt this policy to avoid increasing of populationJyes! cause As of now, Philippines is experiencing a problem, that is overpopulation. Philippines should adopt this policy to avoid increasing of populationJ


Two of the United States basic economic problems during the Depression?

Germany & France


What are two basic principles that the US would continue from the early colonial years?

Economic opportunity and religious freedom


Why do countries need economic systems?

I don't think you know what an economic system means. Every single country, every single state, every single city, every town and every house have an economic system. Economics is simply the study of the choices people make under limited resources (money, time, actual resources etc). So two people trading in the middle of the desert are using an economic system.


What are two important factores that influence the way people meet basic needs?

Two important factors that influence the way people meet basic needs are socio-economic status and environmental conditions. Socio-economic status dictates an individual's access to resources, such as income and education, which affect their ability to provide for their basic needs. Environmental conditions, such as availability of clean water or food security, play a crucial role in determining how easily basic needs can be met.


What is the two letter abbreviation for the Philippines?

The two-letter abbreviation for the Philippines is PH.


What are the Basic economic problems of the country?

The Basic Problems Of An Economy are: 1) What to produce 2) How to produce 3) For whom to produce Some other basic problems: 1) problem of efficient or fuller utilization of resources 2) problem of growth of resources 3) Problem of economic growth


What does computers have to do with math?

They work using lots of 0 and 1, and this two digits are the basic digits of binary number system.


What are the two basic movements skill?

what are the two basic movementskill


Are the Philippines in Hawaii?

The Philippines are not in Hawaii. They are two completely separate groups of islands.

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