The Basic economic problems of society

[franky1]

talking about Africa" of course God really blessed them with natural resources but is  just few person's that is benefiting from this natural resources why other people are suffering most of them barely feed mean why  there are alot of resources in Africa.  if you consider scarcity of resources as  one of the basic economic problem did you think people in africa will still face those difficulties? That is to prove to you that scarcity of resources has nothing to do with the economic problem that is happening in our society. Is obvious that our leaders are the ones causing this bad economic in the society no doubt.

the EU has zero quota limit zero tarrifs for african produce to enter the EU. this means for instance whilst a irish potato farmer is limited in how many potatos he can grow for the EU in ireland, due to EU quota's of their own, he as a EU business can buy african land(shady political deals to take over land) and then import as many potatos grown in africa to the EU, tarrif and quota limit free. this is why 'big agri' has taken over africa, whereby many domestic africans then get displaced and made homeless and farmless and then all that irish owned produce in africa goes to the EU.. where by the displaced africans then get fed cheap rice by charities whom get rice from other regions without employing/housing the africans to grow their own, thus killing any small farmholding opportunities for african slum villages as they are given free food, thus no incentive to start a local food market

[tottong]

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

It will be much more difficult to balance when resources are not available and the community itself is unable to earn money regularly to meet the needs of life.
The concept of a decent life can perhaps be reviewed to what extent society can support itself in the right way and they do not have difficulty in meeting the needs of life as a step of growth that needs to be achieved.
As someone who does not make policies in any sales sector for food products, they must regularly buy using the money they get at work.

This difficulty occurs precisely because the price of goods continues to increase and their salaries are still low, so it will automatically be difficult for people to keep up.
This challenge makes it difficult for some people to reach a better stage of life because there is no balance between income and expenses.

[Bazzu]

It will be much more difficult to balance when resources are not available and the community itself is unable to earn money regularly to meet the needs of life.
The concept of a decent life can perhaps be reviewed to what extent society can support itself in the right way and they do not have difficulty in meeting the needs of life as a step of growth that needs to be achieved.
As someone who does not make policies in any sales sector for food products, they must regularly buy using the money they get at work.

This difficulty occurs precisely because the price of goods continues to increase and their salaries are still low, so it will automatically be difficult for people to keep up.
This challenge makes it difficult for some people to reach a better stage of life because there is no balance between income and expenses.

Yes right with balanced income and expenses, it will create welfare that can only cover their living expenses, even so, the balance factor is very necessary and will slowly increase a person's standard of living, because the various factors in it must be complete enough when there is a lack of one factor, economic balance will occur.

[iv4n]

“The Earth has enough resources to meet the needs of all but not enough to satisfy the greed of even one person”.  Mahatma Gandhi

If people were aware (some of them are) of how much food is thrown away every day, and how much waste is "created" every day, they would know that there is too much of everything, but the greed of some people knows no bounds. For the sake of money & power, they are ready to sacrifice people, animals, nature, and the whole world if necessary...

But hey, it's been going on for centuries now... the same system and same economy, just more corrupt. And it seems that most still believe that this screwed up system that was invented who knows when by who knows which people can bring better days. Something has to change if we want better days for the whole world.

[rodskee]

The basic economics problens of society arise because of scarcity of resources.

each country has their own advantages due to their geographical locations

some countries have good agricultural resources while some have great seas that produce the most fishes and other sea products while some have mining fields and etc it is up to each country to make sure that they can take advantage of each of their own advantages

Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

for countries with many resources for different kinds of products the problem usually arises with their lack of ability to sustain these resources especially now that the population of our world is the highest ever the question now is how to keep these resources for everyone to benefit from?

[WillyAp]

the EU has zero quota limit zero tarrifs for african produce to enter the EU.

You should check your sources:

Total value of goods exported from Africa to the European Union (EU) from 2014 to 2023 (in million euros)

Statista: https://www.statista.com/statistics/1535619/annual-value-of-goods-exports-from-africa-to-eu/

[Olatundespo]

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

The most important thing for economic growth is to improve your own production system, through which you can meet your country's needs and take advantage of exports to other countries to earn foreign exchange. Production system is what is produced in large quantities in your country's context which may be wheat, rice, corn, cotton or other crops or various types of hand or machine made goods.

The main purpose of production is to develop the lower classes of society. When the government of your country focuses more on the production system it has a huge positive impact on the economic development of people at every level of the country and the positive impact of the lower classes gradually helps in achieving economic growth at the state level and through this a country starts developing.

[bitLeap]

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

Believe me the basic economic system can be much more complicated, because the availability of resources without having management will end in the abyss of failure. I once saw a region suddenly all the people became rich from the abundant harvest which finally the wealth they had was not based on management only took half a year to return to poverty because the financial system obtained was not managed to extend wealth but they all spent it to fulfill the ambition of a noisy life.

[WillyAp]

The most important thing for economic growth is to improve your own production system, t

A well oiled pension system does more for any economy than an improved production system.
A statistic which deserves its name, data for all to see.

South Corea made an attempt.

[Strongkored]

The basic economic problem is not due to limited resources, but because the people in the government of the country do not know how to build their country's economy, many countries without abundant natural resources can be rich but there are also the opposite, or countries are rich because of natural resources that are well managed. Having a clean government will reduce the poverty rate because the basic economic problems of the community can be solved

[HelliumZ]

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

Natural resources mainly depends on the geographical location of a country, especially if you are a country located in an ice core region, how you consider natural resources. However, geographical location in a country affects natural resources a lot, moreover if you do not pay attention to manpower in a country, then the production capacity of this country decreases to a large extent. However, in those countries which have to depend on imports all the time, the country has to move towards progress by giving priority to technology.

[tottong]

Yes right with balanced income and expenses, it will create welfare that can only cover their living expenses, even so, the balance factor is very necessary and will slowly increase a person's standard of living, because the various factors in it must be complete enough when there is a lack of one factor, economic balance will occur.

New people can live comfortably and calmly when they get income that is balanced with expenses, even though it is not yet in a better stage to make an investment portion or build a business.
The standard of living is different because sometimes the income of one person with another is also different depending on the amount of needs that are able to make them sufficient for everything.
Balance is needed so that we can make portions in life better, for example if we are able to meet the needs of life, the next step is to determine the amount of investment that we will regulate according to a more suitable portion.

When this can be adjusted, the journey of life will automatically be much better, but the problem is difficult to regulate because now the economy is uncertain.

[moneystery]

i don't think that scarcity of resources is a major problem for the economy, just take singapore for example, it is a small country that does not have many resources, but it has succeeded in becoming a developed country and its people are prosperous... because they do not depend on the natural resources they have, but rather on the quality of human resources and especially leaders who really want to make the country more developed than other countries. the leadership style of their founding fathers transformed singapore from a poor new country into a developed country-- and also their people who work together to build the country to be better.

that is one example, there are still many more countries with minimal resources but are able to become developed countries thanks to their leaders.

[Smartprofit]

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

In economics, there is such a concept as the "resource curse". States that have huge reserves of minerals as a result receive a huge imbalance in economic development.

Only the extractive industry develops, all other sectors of the economy are in a bad position. The ruling elites of the country begin to despise their people and begin to consider them worthless ballast.

Because, strictly speaking, the welfare of the country does not depend on the taxes paid by individuals and businesses. The welfare of the country depends exclusively on natural rent. As a result, an incompetent government appears in the country, corruption and bribery develop.

The country becomes authoritarian, and then totalitarian. After the fall in prices for natural resources, an economic and political crisis develops in the country, which leads to its collapse and disintegration.

[Moreno233]

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

Your description is subjective because scarcity of resources does not apply in all cases. There are countries like DRC Congo that have all the natural resources you can think of yet they are miserably poor and enmeshed in perennial war that don't even know what they are fighting for. On the other hands, there are some countries that do not have these raw materials but have means of getting them, so they use what they have to get what they want. So the problems of society varies and perculiar to people and cultures. What will be your problem, will not be the problem of the other and that is how life itself is designed.

[doomloop]

The basic economic problem is not the scarcity of resources but poor leadership and mismanagement, although the lack of the resource can contribute. We've seen many countries blessed with the needed resources and even populations that should have been used to their advantage but are very poor. Go to Africa and Asia to confirm that. And we've seen many countries with very little resources flourish. Go to Japan and Barbados among others to confirm.

I can't help but agree with this. It's not just a lack of resources that causes economic problems for a country, but it's more about how the resources are managed. Many countries are blessed with excessive natural resources, but they are still pretty backwards; they don't even come among the developing countries. Why? It's because the ones in power have no idea how they must use the resources to make the economy better.

Those who were in power in earlier years sold most of the resources and the places where they are found to other countries and now are only getting a small commission on whatever is found or taken out of those lands. It's unfortunate, but it's the result of poor management. If leaders were more into making their countries better than thinking about personal benefits, their countries wouldn't face economic hardships.

[milewilda]

Yes right with balanced income and expenses, it will create welfare that can only cover their living expenses, even so, the balance factor is very necessary and will slowly increase a person's standard of living, because the various factors in it must be complete enough when there is a lack of one factor, economic balance will occur.

New people can live comfortably and calmly when they get income that is balanced with expenses, even though it is not yet in a better stage to make an investment portion or build a business.
The standard of living is different because sometimes the income of one person with another is also different depending on the amount of needs that are able to make them sufficient for everything.
Balance is needed so that we can make portions in life better, for example if we are able to meet the needs of life, the next step is to determine the amount of investment that we will regulate according to a more suitable portion.

When this can be adjusted, the journey of life will automatically be much better, but the problem is difficult to regulate because now the economy is uncertain.

There would be no complaints and there would be no problems at the time or moment that citizens arent that experiencing hardship and thats why it will really be that situational because there are places on which it is really that a great place to live on which its citizens doesnt have that much problem. Somehow, poverty is something a global problem on which this cant be resolved out on where even on 1st tier countries does still have those homeless people or poors one on which this do signifies that this is indeed a global problem that could be eradicated completely. This is why it is really just that good that whenever you are on such situation on which it is really that you cant rely everything on government and thats why if you do really want to have a life on which trying out to survive and having that solving out that poverty issues then it is really just that right that you do really consider out on taking up such action because there are those individuals who are really that finding up their own ways on how to survive and solve out these problems. Basic problems are really that existing and you cant everything rely into the government on which it will be that understandable that you do really need up to act for yourself so that you will be able to survive and wont be relying your life into government aids. What if the government wont be taking up any actions? You will be definitely be facing up such issues or simply living in a life on which you will be that staying on the current condition on what you do have now.

[Zackz5000]

The basic economic problem is not the scarcity of resources but poor leadership and mismanagement, although the lack of the resource can contribute. We've seen many countries blessed with the needed resources and even populations that should have been used to their advantage but are very poor. Go to Africa and Asia to confirm that. And we've seen many countries with very little resources flourish. Go to Japan and Barbados among others to confirm.

I can't help but agree with this. It's not just a lack of resources that causes economic problems for a country, but it's more about how the resources are managed. Many countries are blessed with excessive natural resources, but they are still pretty backwards; they don't even come among the developing countries. Why? It's because the ones in power have no idea how they must use the resources to make the economy better.

Those who were in power in earlier years sold most of the resources and the places where they are found to other countries and now are only getting a small commission on whatever is found or taken out of those lands. It's unfortunate, but it's the result of poor management. If leaders were more into making their countries better than thinking about personal benefits, their countries wouldn't face economic hardships.

You are correct I know several countries that has good nature resources and are still suffering from economic crises due to lack of proper management and bad governance meanwhile the people in control of this are only concern about their own interest, the world is supposed to be a better place but the people in control the representative of the masses are the ones making things seems very difficult you will see a society bless with Oil and it look as if nothing is happening in the society, so the main cause of this economic problem in the most society today is cause by the leadership, the representative and community chairmen and all the rest of the head department.

[kotajikikox]

talking about Africa" of course God really blessed them with natural resources but is  just few person's that is benefiting from this natural resources why other people are suffering most of them barely feed mean why  there are alot of resources in Africa. 

It is not just about the abundance of resources. The main thing is distributing these resources all over the country. I recently watched a documentary on the Roman empire and one of their biggest problems back then was that they had a lot of people to feed and the resources were far from the city. The historians then studied how the romans were able to get these resources to the very core of the city and got to feed people. This is what leaders should learn too. How to distribute their resources efficiently.

[Accardo]

talking about Africa" of course God really blessed them with natural resources but is  just few person's that is benefiting from this natural resources why other people are suffering most of them barely feed mean why  there are alot of resources in Africa. 

It is not just about the abundance of resources. The main thing is distributing these resources all over the country. I recently watched a documentary on the Roman empire and one of their biggest problems back then was that they had a lot of people to feed and the resources were far from the city. The historians then studied how the romans were able to get these resources to the very core of the city and got to feed people. This is what leaders should learn too. How to distribute their resources efficiently.

A collaborative society is rare to find but if an environment works hard enough to set up a place where people contribute money to achieve similar goals, they'll be more to benefit. Other than a specific group of people being in control of the funds or fetching the resources. Only a few would escape not taking the lion share before distributing to the general public.