4 Economic Problems:
1. Consumption Problem
-what to produce
2. Production Problem
-how to produce
3. Distribution Problem
-for whom to produce
4. Growth over time
Some of the key issues and problems in South Africa include high levels of crime, political corruption, economic inequality, unemployment, and persistent racial tensions stemming from the country's history of apartheid. Additionally, challenges such as inadequate access to healthcare, education, and basic services contribute to the overall social and economic challenges facing the country.
Africa is considered the poorest continent, with many of its countries facing high levels of poverty, limited access to basic services, and ongoing economic challenges.
A poor country is often referred to as a developing country or a low-income country. These nations typically have low economic output, limited infrastructure, and struggle to provide basic necessities for their populations.
The three criteria for an urban area typically include population size, density, and economic activity. Urban areas are generally characterized by a large concentration of people, high population density, and diverse economic opportunities.
There are three basic types of regions. There are formal, functional, and vernacular regions. The formal region is used to outline governmental, physical, cultural, and economic areas. The functional regions are used for service areas. Finally, the vernacular are constructed by peoples perception.
what are the basic economic problems facing nigeria and their possible solutions
They face the same basic economic problems
following are the 4 basic economics problems- 1 what to produce and how much to produce? 2 how to produce? 3 for whom to produce? 4 how to accelerate economic growth?
this sucks
The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.
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.
They face the same basic economic problems
scarcity,choice ,demand
Germany & France
How does ppc help in solving basic economic problems
how does the market mechanism solve the basic problem of free market economy?
3 types of economic system