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The west is economically gifted by nature and most countries of the world are not economically gifted, the world's social problem is financially related and economies alone cannot solve the world's financial problems. What is the job of the world bank and IMF? Pride is basically the main problem of the world and we should all humble ourselves at all times as the God of the universe has with held the solution to the world's overall problems. The world is long overdue for a single global currency which will serve as the world's reserve currency under a new world financial institution or if the world bank and IMF are ready to turn their services to the world then the single currency will serve with the true bank to solve all financial problems all over the world.................there is no other way out.........

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11y ago
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11y ago

i do'nt know iether..

please.. if someone knows the answer.. share to us.. :)

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10y ago

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Q: Why is economic problem with solution is not enough?
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Solving economic problem with economic solution only is not enough. why?

Its not enough bcoz it doesn't only need an economic solution it needs a government that is honest.......especially now a days. Corruption is rampant


Define the economic problem?

define economic problem


What are some steps that might be taken to remedy the problem of economic gender inequality Will equal pay for the same job be enough to solve the problem?

women are not equal


Explain what is meant by the basic economic problem?

Economic problem is the problem regarding allocation of limited resources for the production of alternative goods and services. in other words, economic problem is the 'problem of choice'. Since the resources are scarce and they have alternative uses, there arises the problem of choice regarding the use of these resources. The law of scarcity states that goods are scare because there are not enough resources to produce all goods that people want to consume. Thus, Economic Problem is the 'problem of relative scarcity' and the 'problem of choice' arising therefrom.The basic economic problems of an economy are given below:What to produce and how much to produce?How to produce?For whom to produce?Problem of fuller utilisation of resources.Problem of efficiency in utilisation of resources.Problem of economic growth.


What is the basic economic problem facing all societys?

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.

Related questions

Solving economic problem with economic solution only is not enough. why?

Its not enough bcoz it doesn't only need an economic solution it needs a government that is honest.......especially now a days. Corruption is rampant


How do you use oddly enough in a sentence?

You can use "oddly enough" to introduce a surprising or unexpected piece of information. For example, "Oddly enough, the cat seemed to enjoy playing with the water in the sink."


Example problem and solution for young modulus?

PROBLEM Karen does not have enough apples for her mom to make aple pie. SOLUTION Tommy gives Karen apples from his dad's grocery store.


What major economic problem was faced in America during World War 2?

finding enough workers


Define the economic problem?

define economic problem


What is a market need?

A market need is created when there is no solution to a problem or a simpler solution is needed. It can also be created when there is not enough supply of a product or service to meet demand.


Is high education the solution to economic crisis?

Personally, yes education is the solution to economic crisis.


What are some steps that might be taken to remedy the problem of economic gender inequality Will equal pay for the same job be enough to solve the problem?

women are not equal


Explain what is meant by the basic economic problem?

Economic problem is the problem regarding allocation of limited resources for the production of alternative goods and services. in other words, economic problem is the 'problem of choice'. Since the resources are scarce and they have alternative uses, there arises the problem of choice regarding the use of these resources. The law of scarcity states that goods are scare because there are not enough resources to produce all goods that people want to consume. Thus, Economic Problem is the 'problem of relative scarcity' and the 'problem of choice' arising therefrom.The basic economic problems of an economy are given below:What to produce and how much to produce?How to produce?For whom to produce?Problem of fuller utilisation of resources.Problem of efficiency in utilisation of resources.Problem of economic growth.


Which is correct usage - solution for or solution to?

Both "solution for" and "solution to" can be used, but they are used in slightly different contexts. "Solution for" is used when referring to a specific problem or situation that needs a resolution, while "solution to" is used when indicating the answer or resolution to a problem or situation. For example, "We need to find a solution for the traffic congestion" or "We found a solution to the math problem."


Is statistics a solution of your problem or means to indicate problem?

It is a solution.


Is a solution just a solution?

A solution is the answer to a problem. For example, in a math problem a solution is this: 5w=25 w= 5