Economics problems arise in all societies because
...Economics problems arise in all societies because
Resources are mismanaged by leaders
There is no proper planning
Resource are not in adequate supply
The services of economists are not employed
Correct answer is C
The basic problem of every society arise as a result of scarcity i.e limited supply of resources since our wants are unlimited.
The effect of emigration on a country's population, all other things remaining equal, is to ...
How many units of good X is produced for 8 units of commodity Y? ...
Population growth can be calculated as ...
Terms of trade may be define as the ...
If national income rises by 6% and population rises by 3%, per capita income will ...
Which of the following is a function of money? ...
The main function of NNPC is to ...
The last link in the channel of distribution is____________ ...