the government has to make many dicisions like how much well fair is given to be house hold and what lws need to enforced. :)
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.
the problem facing nigeria development
i think it is the rice shortage
Shortage of jobs
Maintaning a favorable balance of trade
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.
i think it is the rice shortage
the problem facing nigeria development
Maintaning a favorable balance of trade
Shortage of jobs
The fundamental economic problem of food scarcity is most applicable in situations where demand for food exceeds supply due to factors like population growth, climate change, or agricultural inefficiencies. It is particularly critical in developing countries facing poverty, limited resources, and inadequate infrastructure, where food distribution can be uneven. Additionally, during crises such as natural disasters or pandemics, food scarcity can be exacerbated, highlighting the vulnerabilities in food systems.
When facing a problem might be a good time!When facing a problem might be a good time!When facing a problem might be a good time!When facing a problem might be a good time!
presently in Nigeria the problem possed in the economiy is the economic melt down which economic theories has not been able to tasckle.
The Philippine economy is currently facing the problem of cushioning the effects of the global financial crisis on the productive sectors as well as on the most vulnerable group, the poor.
The Basic Problems Of An Economy are: 1) What to produce 2) How to produce 3) For whom to produce Some other basic problems: 1) problem of efficient or fuller utilization of resources 2) problem of growth of resources 3) Problem of economic growth
Current socio-economic problems the Philippines faces is corruption. Corruption is prevailant at all government levels of the country and is currently facing several scandals nationwide.
They are facing the "World Economic Downturn".