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Economic Problems

Page history last edited by Dmitry PNGHS 2 years, 2 months ago

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https://en.wikipedia.org/wiki/Economic_problem

The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are scarce.

Three questions arise from this:

  • What to produce?

'What and how much will you produce?' This question lies with selecting the type of supply and the quantity of the supply, focusing on efficiency.

e.g. "What should I produce more; laptops or tablets?"

  • How to produce?

'How do you produce this?' This question deals with the assets and procedures used while making the product, also focusing on efficiency.

e.g. "Should I hire more workers, or do I invest in more machinery?"

  • For whom to produce?

'To whom and how will you distribute the goods?' and 'For whom will you produce this for?' arises from this question. This question deals with distributing goods that have been produced, focusing on efficiency and equity.

e.g. "Do I give more dividends to stock holders, or do I increase worker wages?"

Links  

https://en.wikipedia.org/wiki/Category:Economic_problems

Subcategories

``B

► Economic bubbles (2 C, 38 P)

► Problems in business economics (6 C, 4 P)

``C

► Economic crises (5 C, 23 P)

``F

► Financial problems (7 C, 7 P)

``I

► Economic inequality (9 C, 49 P)

``P

``R

► Recessions (2 C, 39 P)

``S

► Scarcity (5 C, 24 P)

``U

► Unemployment (7 C, 65 P)

``W

► Waste of resources (3 C, 25 P)

Pages

Economic problem

A

Affluenza

Agequake

B

Bank Transfer Day

C

Climate change

Criticisms of socialism

D

Deflation

Deindustrialisation by country

Deindustrialization

Demographic trap

Dependency ratio

Dutch disease

E

Economic calculation problem

Economic impact of HIV/AIDS

Economic mobility

Escape from Affluenza

G

Global mineral resource exhaustion as future existential risk

Global warming

Government failure

H

Hoarding

Hyperstagflation

I

Inflation

Innovation butterfly

M

Malthusian catastrophe

Malthusian trap

Market fundamentalism

Middle-class squeeze

O

Oil depletion

Economic oppression

Overaccumulation

Overheating (economics)

P

Pandemic

Pensions crisis

Population decline

Price scissors

R

Rural flight

S

Sacrifice zone

Secular stagnation theory

Socialist calculation debate

Societal collapse

Sub-replacement fertility

Sunshine tax

T

Trail commission

U

Uneconomic growth

Urban decay

W

Encyclopedia of World Problems and Human Potential

Pages in Other Languages

Categories:

Economic theory

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