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What is the fundamental fact of life from which all economic problems arise?
Wiki User
∙ 10y ago
wants cannot be satisfied.
Wiki User
∙ 10y ago
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Will economic problems ever disappear and if so why?
Scarcity is a fact of the universe. In other words, there's never enough of everything to satisfy all the needs and desires of everyone. (Unless we someday invent replicators like they have on Star Trek! In the fictional Star Trek universe scarcity no longer exists and there are no economic problems.) Because there is scarcity, there is economization. Not everyone gets to have everything they want, and economic problems will never disappear.
What is the basic fact of economic life?
Scarcity
Which term provides the highest degree of confident for explaining economic behavior?
A fact
Why country face an economic problem?
Because countries continuously struggle to address this very economic fact: how to effectively and efficiently manage limited resources that they have.
What are several economic problem confronting the Philippines?
There are several economic problems our country encountered.But the first is corruption, poverty and unemployment and the most problem is misorganization of the government...philippines encounter these problems not only because of the ruler or the government handlers who manage and handle the allabouts of our country, but these problems are done by all...
What does rudiments mean?
A fundamental element, principle, or skill.
How did Islam address the fundamental problems in Arabian society?
Islam addressed fundamental problems in Arabic society by uniting all Arabian tribes who were at constant was with each other. It turned Arabia from an ignorant society to a flourishing peaceful society. They stopped tribal prejudice, burring little girls alive, drinking, and avenging through waging wars. Islam addresses the fundamental problems not only in the Arabian society but all over the world. As an evidence on this fact is that the Arab Muslims are minority (less than 15%) compared to total Muslims in the world. Islam addressed the fundamental problems in Arabian society and all over the world through the Quran and prophet Muhammad (peace be upon him) sayings and practices.
Will economic problems ever disappear and if so why?
Scarcity is a fact of the universe. In other words, there's never enough of everything to satisfy all the needs and desires of everyone. (Unless we someday invent replicators like they have on Star Trek! In the fictional Star Trek universe scarcity no longer exists and there are no economic problems.) Because there is scarcity, there is economization. Not everyone gets to have everything they want, and economic problems will never disappear.
What Problems did Connecticut colony?
NEW ANSWER:To my knowledge, the colony of Connecticut didn't really suffer any specific problems. In fact, the hard and rocky soil of New England, led many people to move to Connecticut.Also, in 1638, the Connecticut Colony adopted the Fundamental Orders, sometimes regarded as the first written constitution. The Fundamental Orders later served as one of the models for the United States Constitution.
Problems of entrepreneurship?
There are a number of problems that can arise when attempts a career as an entrepreneur. One of the most challenging things could be the fact that the person has to create the opportunities for themselves, rather than working for a boss who tells them what to do.
What is the basic fact of economic life?
Scarcity
The fact that mass and energy cannot be created or destroyed is the fundamental concept of the theme of?
Conservation .
Is the fact that the atom was discovered significant to the agruement that matter is made of atoms?
It is fundamental to the argument.
What are possible consequences to the US and the world if the US does not help Europe?
In the event of a serious economic collapse of the European Union, this would cause a global economic depression, since the economies of all nations interconnect, and the EU is a very major part of the global economy. However, we do not know for a fact that Europe will be unable to solve its economic problems without the help of the US. Furthermore, the US has economic problems of its own. It is certainly not obvious that the US is in a position to help Europe even if it wants to do so. Europe and the US both need to get their economic houses in order.
Is it correct to say when an accounting position arise?
No, the subjunctive is not required because "when" does not introduce a contrary-to-fact condition.
Why is evolution theory not fact?
Evolution is both theory and fact. Moreover, the fundamental theses of the theory (common descent, natural selection) are so well supported by fact that they might as well be called fact.
Can stock fundamental analysis help my portfolio?
Stock fundamental analysis is insight on the opportunities of a potential stock. It is an in depth examination of a companies profile. Stock fundamental analysis can be beneficial due to the fact that it can give potential investors a better informed decision in their stocks.
