BASIC
ECONOMIC PROBLEMS IN THE SOCIETY.
Hey Guyz, Happy Monday. It’s actually the first Monday
in the month of May and it’s such an honour to be ALIVE don’t you think? Well today we continue Econs. 101.
Basic Economics Problems refer to the problems
people encounter in the society, while trying to satisfy their numerous human
wants, and with the limited resources available. They include- What to Produce, How to produce, for whom to produce
and Efficiency of Resource use.
WHAT
TO PRODUCE.
The question of what to produce is one of the...
