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.
Which of the following is not a feature of Sole Proprietorship? ...
In the long run, one of the characteristics of monopolistic competitive firms is that they ...
The major role of NDIC is to ...
Production is said to be completed when ...
Which of the following items is NOT an argument for locating industries in rural areas? ...
At every point on a indifference curve, the ...
The difference in each country's total output on specification is ...