A basic economic problem of any society is
...A basic economic problem of any society is
High level of illiteracy
Irregular power supply
Population growth
Resource allocation
Correct answer is D
The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. Finite resources means they are limited and can run out.
One relationship between marginal utility and total utility. When total is ...
Budget deficit can be financed by ...
Census can be classified as ...
The total stock of money available for use in an economy is ...
Localization of industries in Nigeria is mainly influenced by ...
A balance budget is defined as a condition of ...
In the equation Q = a - bp + e; Q and P are .... Variables respectively. ...
The short-run supply curve for medical doctors is more likely to be ...
The formular used by the Expenditure approach to calculate National income is ...