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What is the core economic problem?

the core economics problem with economy of pakistan


What are the basic concepts of economics?

Economics involves the interactions in society involving finances. Namely, economists study how the monetary value of items changes over time based on outer effects like the supply of resources and the demand of consumers.


How sociology related to economics?

your question is backwards. as a field of knowledge, economics started out as a type of sociology (or possibly was the original term for what we now call sociology). and there is such a thing as a liberal study of economics still. and economics is a study of human behavior but with advanced capitalism this behavior has left human's hands so the study sort of exists on its own as a study of a man-made but self-sufficient abstract force. hope that helps :)


Other science related to economics?

Economics is a collection of thoughts and principles that are derived from other sciences. Economics, sociology and politics are interrelated as these sciences make an impact on the lives of people and their society.


How scarcity choice and economic interaction fit into the basic idea at the center of economics?

At the core of economics is the concept of scarcity, which refers to the limited nature of resources relative to unlimited human wants. This scarcity necessitates choice, as individuals and societies must prioritize how to allocate their finite resources effectively. Economic interactions arise from these choices, as people and entities engage in trade and exchange to satisfy their needs and desires. Thus, the study of economics fundamentally revolves around how scarcity shapes decision-making and influences interactions in the marketplace.

Related Questions

What is the core element for any term?

The core element of any term is its meaning or definition, which encompasses the essential concept it represents. This meaning is often derived from its etymology, context, and usage within a specific field or discourse. Additionally, the core element includes its relationship to other terms, contributing to a broader understanding of the subject matter. Ultimately, the clarity and precision of a term's core element are crucial for effective communication.


What is the core economic problem?

the core economics problem with economy of pakistan


What are the core papers in BA Economics?

It is overall structure of economics subject which BA student have


What is the core element in the Amish church?

Family is the core element in the Amish Church.


What is the definition of core hr?

what is core HR


What is the meaning of core sector?

definition of core sector


The core element of any medical term is its what word?

The root is the core element of any medical term.


Inner core definition?

the inner part of earths core


What element makes up most earth core?

The element that makes up most of the earths CORE is iron.


The most abundant element in the Earth's inner core and outer core is?

The most abundant element in both the Earth's inner core and outer core is iron. It makes up about 85% of the Earth's core composition.


What is the definition of the term core competencies?

The definition of the term "core competencies" is a factor relevant to the way the company or it's employees operate. You can learn more about core competency at the Wikipedia.


What are core elements of the organization and activity safety program?

One core element of the organization and safety activity program is to prevent occupational diseases. The other core element is to prevent accidents.