Single-person economies: output optimisation; labour-leisure trade-offs. Multi-person economies: exchange and benefits from cooperation.
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
why, how, what and now
How many workers to hire
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.
Single-person economies: output optimisation; labour-leisure trade-offs. Multi-person economies: exchange and benefits from cooperation.
4 Economic Problems:1. Consumption Problem-what to produce2. Production Problem-how to produce3. Distribution Problem-for whom to produce4. Growth over time
yes... yes you can...
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
why, how, what and now
Which deal?
Traditional Economies
The climax due to the role where the character must take on the problem
Elected legislative officials have two basic problems concerning how they vote. They must vote based on what they believe is in the best interests of their constituency or vote on issues that help the nation as a whole.
When they must develop economies as skilled workers.
Try the attached link to their help pages - see if there's a topic that covers your problem.
There was no must about it at all. The Nazis choseto treat the Jews as a problem.