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What else can I help you with?
Define the economic problem?
define economic problem
What is economic consequences?
the consequences of the economic problem
The economic premise states that?
scarcity is the universal economic problem.
What is the central economic problem that all societies have to face using the concept of opportunity cost?
What is the central economic problem
What is the basic economic problem that makes choices necessary?
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
Define the economic problem?
define economic problem
What is economic consequences?
the consequences of the economic problem
What economic problems that encounter in to the school?
voucher economic problem
How does a command economic system solve their economic problem?
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The economic premise states that?
scarcity is the universal economic problem.
Economic system are created by people to deal with the problem of?
Economic system are created by people to deal with the problem of?
What is the central economic problem that all societies have to face using the concept of opportunity cost?
What is the central economic problem
What is the basic economic problem that makes choices necessary?
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
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.
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
Is it easy to replace the heater core in a 1990 Buick Skylark?
It is never easy to replace the heater core on any vehicle. The problem is getting to the core. That is why this is a very expensive repair. It is a labor intensive job.It is never easy to replace the heater core on any vehicle. The problem is getting to the core. That is why this is a very expensive repair. It is a labor intensive job.
Explain what is meant by the basic economic problem?
Economic problem is the problem regarding allocation of limited resources for the production of alternative goods and services. in other words, economic problem is the 'problem of choice'. Since the resources are scarce and they have alternative uses, there arises the problem of choice regarding the use of these resources. The law of scarcity states that goods are scare because there are not enough resources to produce all goods that people want to consume. Thus, Economic Problem is the 'problem of relative scarcity' and the 'problem of choice' arising therefrom.The basic economic problems of an economy are given below:What to produce and how much to produce?How to produce?For whom to produce?Problem of fuller utilisation of resources.Problem of efficiency in utilisation of resources.Problem of economic growth.
