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What is the basic economic problem that makes choices necessary?
Wiki User
∙ 14y ago
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
Wiki User
∙ 14y ago
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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 are the basic economic choices?
first of all, ask yourself the definition of economic choice
What do you understand by basic economic problem?
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
Basic economic problem will not be solved by?
which one of the following is not one of the basic economic question
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.
What are the basic economic choices?
first of all, ask yourself the definition of economic choice
What do you understand by basic economic problem?
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
Basic economic problem will not be solved by?
which one of the following is not one of the basic economic question
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 basic economic choice must people and societies?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
Producers reacting to consumer choices provide most answers to the basic economic questions?
market
What is a basic feature of the free-market system?
A basic feature of the free market system is that consumers make their own economic choices
How can the basic economic problem solved in a capitalist?
It is the price mechanism
Which of following is not a basic economic function of government?
This cannot be answered. You will have to give me some choices to choose from.
