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.
An economic goods is described as a good which ...
Public corporation is financed with ...
Normative economics deals with ...
Which of the following is true about supply of land? ...
It is important to measure the National Income of a country because ...
Disequilibrium in the balance of payment means ...
Which of the following is not emphasized in a product possibility curve? ...
One major function of the Central Bank is to ...
Which of these would not be included in the fundamental principle of a free enterprise economy ...