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Q: What are two basic problems of economics?
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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 do economics systems of other countries have in common with the US?

They face the same basic economic problems


What are examples of Psychological problems?

Those are problems relating to the basic needs. In economics a psycological needs are salaries, food, shelter, clothing, etc.


What are the five basic problems of economics?

Five Baisc Problems of economics 1) Wat to Produce? 2) In what quantity ti be produced 3) How to Produce? 4) For whom to Produce? 5)How efficiently are the Resources being utilisec??


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


What are the basic division in economics?

micro economics and macro economics


Basic problems in economics?

the basic problems in economics are as follows what to produce,this problem rise due to our limited resources to our unlimited wants.in economy, the producer try solve these problem by producing the commodity which have the highest demand which will leads higher profit.remember that resources (land labor capital entrepreneurship) are scare or limited.


What is a basic problems of economics?

A basic problem of economics is pure and simply a concentration of resources in the hand of a tiny group of individuals or corporations that generates most of the time total lack of access by the majority to the fullfilment of their basic needs such food, clothing, housing, healthcare and education or the quality of it.


What are basic principles of economics?

What are the principles of economics


What is the basic concern of economics?

the basic concern of economics is to study the choices people make


Problems associated with teaching of economics?

What are the problems associated with teaching of economics in schools


What are the two main economic problems that keynesian economics seeks to address?

periods of depression and inflation.