Because countries continuously struggle to address this very economic fact: how to effectively and efficiently manage limited resources that they have.
What is the central economic problem
The basic economic problem is about scarcity and choice, which every society has to deal with.
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
define economic problem
One of the most important is the infrastructures one example is the airport which drives out tourism in the country.
What is the central economic problem
The basic economic problem is about scarcity and choice, which every society has to deal with.
A country might face economic problems even after a victorious war because they don't want communism they, they would want republican presidents.
The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.
yes,population is a problem in our country because it brings many problems.some of the problems are. 1.unemplyment increses 2.pollution increses 3.economic growth desreases 4.economic problems increses
The country would face economic pressure because of reduced trade or growth.
Yes. That is why Mexico is considered a developing country.
they wanted to solved the country's economic problems through foreign expansion.
they wanted to solved the country's economic problems through foreign expansion.
African nations face a situation of economic water scarcity, and current institutional, financial and the human capacities for managing water are lacking.
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
define economic problem