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What else can I help you with?
What are the three main elements of the basic economic problems?
scarcity,choice ,demand
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 might water scarcity cause for Meican citizens?
I dont know it is because it is water
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed?
By production for use or need.
What are two basic problems of economics?
Two basic problems of economics are scarcity and choice. Scarcity refers to the limited availability of resources to meet unlimited human wants and needs, forcing individuals and societies to make decisions about how to allocate resources effectively. Choice arises from this scarcity, as individuals must prioritize their preferences and determine how to best utilize their resources in the face of competing demands. These fundamental issues drive economic theory and policy decisions.
Which country has problems of scarcity?
Somalia has scarcity of water food and medicine
How can optimum allocation can solve the problems of scarcity?
um, scarcity isn't the problem, scarcity is the term used to define the finite nature of resources and the limitless wants of humans.
What is the key to dealing with problems of scarcity?
If people were to take the amount of what they need instead of taking more than they need, then that would help the problem with scarcity.
What are the three main elements of the basic economic problems?
scarcity,choice ,demand
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 might water scarcity cause for Meican citizens?
I dont know it is because it is water
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed?
By production for use or need.
What are two basic problems of economics?
Two basic problems of economics are scarcity and choice. Scarcity refers to the limited availability of resources to meet unlimited human wants and needs, forcing individuals and societies to make decisions about how to allocate resources effectively. Choice arises from this scarcity, as individuals must prioritize their preferences and determine how to best utilize their resources in the face of competing demands. These fundamental issues drive economic theory and policy decisions.
The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.?
Socialism (A+)
Which does not describe a market economy?
The problems of scarcity and allocation of resorce are addressed by production for use or need rather than production for profit A+
Most developed countries in the world are not facing the problem of scarcity comment on this?
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.
What describes The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
Socialism
