The economic problem – sometimes called the basic or central economic problem – asserts ... e.g. "Do I give more dividends to stock holders, or do I increase worker wages?" Economics revolve around these fundamental economic problems.
Sep 1, 2007 ... The fundamental economic problem is related to the issue of scarcity. Because of limited resources and infinite demands, society needs to ...
From the study of the essential processes of an economy, it would appear that some fundamental problems arise whatever the type of the economy. An economy ...
Sep 22, 2000 ... The fundamental economic problem faced by all societies is: a. unemployment c. poverty b. inequality d. scarcity. 2. "Capitalism" refers to:.
Capitalist capital accumulation leads to a positive feedback: the more capital, the more favorable the conditions to gain more capital. This pushes inequality up.
Sep 13, 2011 ... It is often said that the central purpose of economic activity is the production of goods and services to satisfy our changing needs and wants.
FUNDAMENTAL ECONOMIC PROBLEMS+. These are basic issues dealt with and faced by individuals and society concerning resource allocation and they ...
Economic problem The economic problem—sometimes called the basic, central, or fundamental economic problem —is one of the fundamental economic ...