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- Economic_problem abstract "The economic problem, sometimes called the basic, central or fundamental economic problem, is one of the fundamental economic theories in the operation of any economy. It asserts that there is scarcity, or that the finite resources available are insufficient to satisfy all human wants and needs. The problem then becomes how to determine what is to be produced and how the factors of production (such as capital and labor) are to be allocated. Economics revolves around methods and possibilities of solving the economic problem.Economic problem arises mainly due to two reasons- (i) human wants are unlimited (ii) means to satisfy human wants are scarce.".
- Economic_problem wikiPageID "2705885".
- Economic_problem wikiPageRevisionID "605174554".
- Economic_problem hasPhotoCollection Economic_problem.
- Economic_problem subject Category:Economic_theories.
- Economic_problem type Abstraction100002137.
- Economic_problem type Cognition100023271.
- Economic_problem type EconomicTheories.
- Economic_problem type EconomicTheory105994935.
- Economic_problem type Explanation105793000.
- Economic_problem type HigherCognitiveProcess105770664.
- Economic_problem type Process105701363.
- Economic_problem type PsychologicalFeature100023100.
- Economic_problem type Theory105989479.
- Economic_problem type Thinking105770926.
- Economic_problem comment "The economic problem, sometimes called the basic, central or fundamental economic problem, is one of the fundamental economic theories in the operation of any economy. It asserts that there is scarcity, or that the finite resources available are insufficient to satisfy all human wants and needs. The problem then becomes how to determine what is to be produced and how the factors of production (such as capital and labor) are to be allocated.".
- Economic_problem label "Economic problem".
- Economic_problem sameAs m.07z4y3.
- Economic_problem sameAs Q17100513.
- Economic_problem sameAs Q17100513.
- Economic_problem sameAs Economic_problem.
- Economic_problem wasDerivedFrom Economic_problem?oldid=605174554.
- Economic_problem isPrimaryTopicOf Economic_problem.