The Basic economic problems of society

[alastantiger]

The basic economic problems in a society are mainly due to insufficient resources. If there is less wealth compared to the total population, there will always be financial problems in that society. If we work to create sufficient resources, we will definitely be able to properly shape our society.

Having sufficient resources but not knowing how to manage them or it not being fairly distributed to people of the society will always market the society to be unbalanced and causes economical problems. The society can't be free from problem as there isn't any country that can boost of that but the problems can't be reduce to the extent that it because manageable and that should be what our government should be working on. For them to try to eradicate economical problem is going to be a mission impossible task to do. Poverty has always been the basic economical problem in all society and there are many things that causes poverty like unemployment, below minimum payment also contribute because you can't be receiving below the average salary and still be managing to live a comfortable life.

[Fortify]

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

You've just described how a functioning economy should work without giving any insight or proper questions? What you're missing is describing in any level of detail the most successful countries compared to the least, you'll find that people in Nigeria will find a way to exist, through many different routes - but for many it is almost at a subsistence type level and you could argue that the state does almost nothing to help them. Besides building roads and collecting taxes from what little business can operate, many of the poorest will have few interactions with the government which has pretty much abandoned them. Compared to somewhere like Spain which has a strong social safety net and healthcare, plus functioning (if a little slow) administrative surveys, the difference is vast.

[l3pox]

I disagree too, we're past the point of where scarcity was the biggest problem, we alredy have enough for everybody but people lack financial literacy and governants lack competency and incentives to make a better system, in terms of politics we're close to doomed almost everywhere since democracies have the incentive to spend more and more public money and taxes have been raising a lot for the past 100 years

I'm curious to see where we'll go, feels like a transition period

I just hope we arrive in political systems with more freedom and agency for people than systems with more authority

The major problem is not the lack of resources but the failure of the government to equitably allocate the available resources for the good of every citizen. I used to assume that there was no corruption in the developed world, but I was wrong. From the few years I have followed the economic news of some advanced countries, I discovered that corrupt practices are also prevalent in such societies. The only difference with most developing nations is that politicians there are more corrupt and don't care about the basic needs of the people.

Maybe there might be a revolution that will bring in another system of government because democracy has not been effective in some countries. In my location, there has been a rise in military takeovers.

sorry to hear about the raise in military takeovers in your location. if conflicts scale the situation can get tough, that's way having a higher optionality of exit (like with extra passports) helps a lot nowadays
if there are humans there'll be greed
maybe some countries will be able to punish corruption better than others but it's really common everywhere, built-in in the system

[peter0425]

The basic economic problems in a society are mainly due to insufficient resources. If there is less wealth compared to the total population, there will always be financial problems in that society. If we work to create sufficient resources, we will definitely be able to properly shape our society.

Having sufficient resources but not knowing how to manage them or it not being fairly distributed to people of the society will always market the society to be unbalanced and causes economical problems.

An example is my country having very rich lands to farm on but our farmers are struggling. They need huge amount of money to start or continue farming and even then the product needs to be distributed to other parts of the country which proves to be difficult if the farms are in secluded area. Instead, what is happening is we tend to consume imported grains and other products. Which only hurts the farmers for profit. The government really should focus on the strengths they already have like agriculture.

[dezoel]

Alternatively, the value of the goods and services can be reduced to bring balance in society. So a lack of wealth or resources is not the only problem that we face, it's usually the high inflation that makes us uncomfortable with what we have, otherwise, if there is no inflation, whatever we have will be enough for us to live our lives without much problems, of course, it won't be a luxurious life, but at least the basic necessities will be fulfilled with no problem at all.

In so many countries nowadays, we see inflation going higher over time, and that is causing a lot of issues for people in lower classes and the reason for that is that they earn minimum wages, and with that, they aren't able to fulfil the basic needs of their household because the value of goods and services is very high and they can't afford everything. This is why, for society to have less economic problems, inflation has to be cut down as the first thing.

The main reason why these are going up at the moment is the fact that when inflation happens, it doesn't cause a lot of problem for rich since they keep getting richer using inflation since they are selling stuff for higher, but the salary workers do not get the same amount of increase on their salary.

A boss has a business where they sell a pen for 1 dollars, and the worker makes a thousand dollars a month, after the boss starts to sell the pen for 2 dollars, does the worker get 2000 dollars as a salary? No, he gets 1500 dollars. This is the reason why inflation doesn't really help with the poor and helps the rich get richer. Using the situation where it could be growing bigger, that would not be a bad situation and we need to end up with a better profit at the moment so we need to start selling too.

[SATWAT]

The basic economic problems in a society are mainly due to insufficient resources. If there is less wealth compared to the total population, there will always be financial problems in that society. If we work to create sufficient resources, we will definitely be able to properly shape our society.

Having sufficient resources but not knowing how to manage them or it not being fairly distributed to people of the society will always market the society to be unbalanced and causes economical problems.

An example is my country having very rich lands to farm on but our farmers are struggling. They need huge amount of money to start or continue farming and even then the product needs to be distributed to other parts of the country which proves to be difficult if the farms are in secluded area. Instead, what is happening is we tend to consume imported grains and other products. Which only hurts the farmers for profit. The government really should focus on the strengths they already have like agriculture.

Many developing countries are had same issue as they are not having enough sources to farm, but they are having nothing with those are having enough sources they are not going things which can cut the problems and bring suitable solutions.
Too much talk and too many discussions about many issues but not solid strategy or work which can give solution and farmers are able to have their right which also helpful for many other peoples in countries and societies.
Rich are trying to take advantage with alternative things while poor are suffering farmers are backbone in every culture which is dependent on agricultural but mostly are suffering and living life which they have never been deserved same story many suffering and many culprits.

[landheer]

The main reason why these are going up at the moment is the fact that when inflation happens, it doesn't cause a lot of problem for rich since they keep getting richer using inflation since they are selling stuff for higher, but the salary workers do not get the same amount of increase on their salary.

A boss has a business where they sell a pen for 1 dollars, and the worker makes a thousand dollars a month, after the boss starts to sell the pen for 2 dollars, does the worker get 2000 dollars as a salary? No, he gets 1500 dollars. This is the reason why inflation doesn't really help with the poor and helps the rich get richer. Using the situation where it could be growing bigger, that would not be a bad situation and we need to end up with a better profit at the moment so we need to start selling too.

Yes the basis of the economy is like that and it has become a provision, and inflation is difficult to prevent and will gradually approach, because the economy continues to compete tightly, as well as inflation that burdens the lower classes, it is certainly difficult to achieve the desired price, while income does not immediately change or increase with hinders the progress that occurs, of course it is very difficult and widens the gap between people poor and the rich.

[karabiber]

The basic economic problems in a society are mainly due to insufficient resources. If there is less wealth compared to the total population, there will always be financial problems in that society. If we work to create sufficient resources, we will definitely be able to properly shape our society.

In fact, instead of creating resources, we need to use existing limited resources more wisely and develop new solutions. Because natural resources are not infinite. With creativity and technological advances, people can make resources sufficient. In fact, there are things that make this possible. Investing in renewable energies, focusing on recycling and circular economy, increasing productivity in agriculture can make resources sufficient. In fact, even in its current state, the world produces enough resources for everyone. For me, the problem is unequal distribution. There is overconsumption in rich countries and poverty in others. With more equitable distribution systems, the available resources would be enough for more people.

[Oluwa-btc]

The problem of the world especially developing nations is not a lack of resources but poor management and unequal distribution. Most nations in Africa are blessed with abundant natural, human, and material resources. But the continent houses the poorest people globally. The profitable resources are not mismanaged by the ruling class in partnership with both local and international collaborators. The profits from the tapping of these resources are not distributed among the people, rather only the privileged few enjoy it through corruption.

All of this economic problems can't be measured by the lack of resources and commodities but its caused by gullible miscreants called leaders with selfish interest which has led to the high rate of corruption in the society, in this manner the basic needs ain't met nor the problem solved. The solution to this problems is simple let there be transparency from the leaders which will results in massive distribution of resources among every individuals that way there's an equilibrium constant leading to massive growth in the economy and country.

[Mahanton]

Alternatively, the value of the goods and services can be reduced to bring balance in society. So a lack of wealth or resources is not the only problem that we face, it's usually the high inflation that makes us uncomfortable with what we have, otherwise, if there is no inflation, whatever we have will be enough for us to live our lives without much problems, of course, it won't be a luxurious life, but at least the basic necessities will be fulfilled with no problem at all.

In so many countries nowadays, we see inflation going higher over time, and that is causing a lot of issues for people in lower classes and the reason for that is that they earn minimum wages, and with that, they aren't able to fulfil the basic needs of their household because the value of goods and services is very high and they can't afford everything. This is why, for society to have less economic problems, inflation has to be cut down as the first thing.

The main reason why these are going up at the moment is the fact that when inflation happens, it doesn't cause a lot of problem for rich since they keep getting richer using inflation since they are selling stuff for higher, but the salary workers do not get the same amount of increase on their salary.

A boss has a business where they sell a pen for 1 dollars, and the worker makes a thousand dollars a month, after the boss starts to sell the pen for 2 dollars, does the worker get 2000 dollars as a salary? No, he gets 1500 dollars. This is the reason why inflation doesn't really help with the poor and helps the rich get richer. Using the situation where it could be growing bigger, that would not be a bad situation and we need to end up with a better profit at the moment so we need to start selling too.

Thats how the world works and how the reality do make out such impact specially into those people who are that relying on their monthly paycheck. Do we have a choice? Of course none and we do deal up with this and we cant just that trying out to oppose on what our Boss would be telling because finding up another job is never been easy and thats why whatever those changes they do have but still you would be that still agreeing into those terms and there's nothing we can do about it but to deal up with it because we do know that this is how business works and our boss whether they are that concern with their workers or not but most of the time business owners will be that always targeting for profits and they do have that least concern about on their workers. This is why on the moment that you've realized yourself that you've been that having a hard time in terms of budgeting because of inflation, then this is the time that you do need up to consider on trying out to find for another source of income. Its recommended that you do really need up to find for another source of income rather than on making yourself that sitting idle and making that inflation do gradually eats you up. It all matters about time management because having multiple works will be needing up that kind of management for it to be effective, plus not all things that we do get involved to will be having that positive results on which means that its still having that trial and error until you do find the work on which do fits for you. There are those moments of failures on which there are those who do easily give up and to those who do pursue on making out such changes. Economic problems is something a global problem that could be easily resolved out. Instead on finding yourself that being depending on government aide, its better that you do find your own ways on your own.

[reefsea]

The problem of the world especially developing nations is not a lack of resources but poor management and unequal distribution. Most nations in Africa are blessed with abundant natural, human, and material resources. But the continent houses the poorest people globally. The profitable resources are not mismanaged by the ruling class in partnership with both local and international collaborators. The profits from the tapping of these resources are not distributed among the people, rather only the privileged few enjoy it through corruption.

All of this economic problems can't be measured by the lack of resources and commodities but its caused by gullible miscreants called leaders with selfish interest which has led to the high rate of corruption in the society, in this manner the basic needs ain't met nor the problem solved. The solution to this problems is simple let there be transparency from the leaders which will results in massive distribution of resources among every individuals that way there's an equilibrium constant leading to massive growth in the economy and country.

I agree with you, that one of the causes is that people who have authority or people who have influence only think about themselves. But of course that is not the only cause, but there are many broader factors.

I think when we talk about this, we will talk about everything, including the person himself. Many cannot utilize the potential that is actually in front of them, and when there are people who can utilize it, those people are people who only think about themselves as previously stated.

[Fortify]

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 all of history most economic systems have been tried at various times and to varying degrees of success. Rationing is the wrong term, in the modern age we see that well regulated capitalism is probably the most effective method of allocating resources to the most productive parts of society because it is self regulating. Waste is removed through various ways - companies will go bankrupt if they do not stay efficient and gradually phase out services or products that are no longer lean enough. If there are ways to automate that is cheaper or more effective than previously man made goods, then that is the path that business will take to beat competitors out of the market or massively increase profit margins.

[RockBell]

Having sufficient resources but not knowing how to manage them or it not being fairly distributed to people of the society will always market the society to be unbalanced and causes economical problems. The society can't be free from problem as there isn't any country that can boost of that but the problems can't be reduce to the extent that it because manageable and that should be what our government should be working on. For them to try to eradicate economical problem is going to be a mission impossible task to do. Poverty has always been the basic economical problem in all society and there are many things that causes poverty like unemployment, below minimum payment also contribute because you can't be receiving below the average salary and still be managing to live a comfortable life.

that i why people have lost there shits just because they they fail to manage there resources well it is anything thing to make money and it is anything to be able to maintain them because must people dont even have advisors and there is no way that there will be equality so we have our destiny so we are the game changers so we have to work towards it, and we have a society that is also greedy so this are part of the challenges that people are facing because there is just to much reasons why things might not get better.

since there is no regulation to something people in the society are also the factors and the fact that thing have gotten to this extent it might be very hard to fix and no matte the economic challenge might be its a global problem and now that most of the implementation are not going to make thing more easy and its going to be hard for the government to just eradicate poverty it is an impossible thing to do, and they can reduce a lot of things and not just manage it proper at least crime will reduce. because when the country becomes hard, everything else becomes very hard.

[HONDACD125]

All of this economic problems can't be measured by the lack of resources and commodities but its caused by gullible miscreants called leaders with selfish interest which has led to the high rate of corruption in the society, in this manner the basic needs ain't met nor the problem solved. The solution to this problems is simple let there be transparency from the leaders which will results in massive distribution of resources among every individuals that way there's an equilibrium constant leading to massive growth in the economy and country.

On point. The exact same thing is happening in our country at the moment. The economy is extremely unstable, there is high inflation, the currency is losing value day by day, and it's all because of the leaders who are selfish and are always only thinking about themselves instead of doing something for the country of their people. All they care about is having more power and more money, and for that they can do anything, they want to stay in power for as long as possible and because of this, it's just like we are living in a forest where the predators can hunt us whenever they want.

For this reason, I completely agree with you that the economy of a country gets ruined only by its leaders and the government because if the government doesn't do anything to make things better, and they are only busy taking loans and filling their own accounts so that they can live luxurious lives after they retire, and the people are suffering because of them.

[TheUltraElite]

In all of history most economic systems have been tried at various times and to varying degrees of success. Rationing is the wrong term, in the modern age we see that well regulated capitalism is probably the most effective method of allocating resources to the most productive parts of society because it is self regulating.

I think the governments do what can be done but do think of their own interests to keep the votes in and other things, people dont like what the government does and hence the disdain leads to conspiracy theories and other bullshit.

It is true that resources are scarce in many parts of the world, but people have survived over the years and they will continue to do with the setting up trade with nearby countries and so on.

Since we are part of the government, we should make sure to bring in changes every election as much as we can by voting. Look at the long term effects of the policies and not short term freebies.

[slapper]

Having sufficient resources but not knowing how to manage them or it not being fairly distributed to people of the society will always market the society to be unbalanced and causes economical problems. The society can't be free from problem as there isn't any country that can boost of that but the problems can't be reduce to the extent that it because manageable and that should be what our government should be working on. For them to try to eradicate economical problem is going to be a mission impossible task to do. Poverty has always been the basic economical problem in all society and there are many things that causes poverty like unemployment, below minimum payment also contribute because you can't be receiving below the average salary and still be managing to live a comfortable life.

that i why people have lost there shits just because they they fail to manage there resources well it is anything thing to make money and it is anything to be able to maintain them because must people dont even have advisors and there is no way that there will be equality so we have our destiny so we are the game changers so we have to work towards it, and we have a society that is also greedy so this are part of the challenges that people are facing because there is just to much reasons why things might not get better.

since there is no regulation to something people in the society are also the factors and the fact that thing have gotten to this extent it might be very hard to fix and no matte the economic challenge might be its a global problem and now that most of the implementation are not going to make thing more easy and its going to be hard for the government to just eradicate poverty it is an impossible thing to do, and they can reduce a lot of things and not just manage it proper at least crime will reduce. because when the country becomes hard, everything else becomes very hard.

This one hits. The energy is raw but real. You are describing the truth as it is, unfiltered and drenched. The inability to manage resources is a systemic consequence. We built a world in which survival necessitates it but financial knowledge is optional. That conflict by itself already sets a trap

People are losing it not just because they’re “greedy” or “lazy”. They find themselves cornered and overwhelmed. Most people do not have advisors. Most were also never taught how to view money as a system, though. Growing up in an environment where there is always stress about the here and now (inflation, unstable income, lack of assets, etc.) changes your priorities. Long-term thinking becomes a luxury

And there will never be full equality. But the real crisis is when inequality becomes unquestioned. When we accept a system in which the game is so fixed such that even the winners feel imprisoned. Global poverty should not just be seen as a resource issue but also as a decision tree problem. Governments patch symptoms instead of rewriting the logic tree from the root. And crime then is born from scarcity + hopelessness. Reduce scarcity, inject hope, and crime naturally dips

[Kelward]

I disagree! And I believe you mean the natural resources by the resources remark you made, right?

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.

You're correct, scarcity of resources cannot be the basic economic problems of any country because they don't have it. Basic economic problems arises as a result of mismanagement of the resources that they have which will result in poor governance and lack of basic and social amenities. We can say that economic problems arises when a government can not functioning uptimally, by providing social amenities like good roads, schools and hospitals. Where there is lack of employment opportunities as a result of none functioning industries, some people will resort to crime to survive. These are some of the problems that arises as a result of mismanagement in a country or society.

[GigaBit]

I disagree! And I believe you mean the natural resources by the resources remark you made, right?

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.

You're correct, scarcity of resources cannot be the basic economic problems of any country because they don't have it. Basic economic problems arises as a result of mismanagement of the resources that they have which will result in poor governance and lack of basic and social amenities. We can say that economic problems arises when a government can not functioning uptimally, by providing social amenities like good roads, schools and hospitals. Where there is lack of employment opportunities as a result of none functioning industries, some people will resort to crime to survive. These are some of the problems that arises as a result of mismanagement in a country or society.

Not every country is rich by natural resources. Why would I say that those who do not have natural resources are economically weak? Of course not. I will agree with you that economic problems are not usually created by these reasons. There are many countries that do not have natural resources but they have been able to enrich their countries economically.

If a country has a good communication system, a good environment can be created for industrialization and it is possible to provide all kinds of opportunities to people, especially in areas like education and medical care, then those countries are also economically prosperous. Those countries that provide all kinds of opportunities for industrialization, even if they are economically weak in the beginning, will also become economically prosperous in a short time.

[Mate2237]

I disagree! And I believe you mean the natural resources by the resources remark you made, right?

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.

You're correct, scarcity of resources cannot be the basic economic problems of any country because they don't have it. Basic economic problems arises as a result of mismanagement of the resources that they have which will result in poor governance and lack of basic and social amenities. We can say that economic problems arises when a government can not functioning uptimally, by providing social amenities like good roads, schools and hospitals. Where there is lack of employment opportunities as a result of none functioning industries, some people will resort to crime to survive. These are some of the problems that arises as a result of mismanagement in a country or society.

Not every country is rich by natural resources. Why would I say that those who do not have natural resources are economically weak? Of course not. I will agree with you that economic problems are not usually created by these reasons. There are many countries that do not have natural resources but they have been able to enrich their countries economically.

If a country has a good communication system, a good environment can be created for industrialization and it is possible to provide all kinds of opportunities to people, especially in areas like education and medical care, then those countries are also economically prosperous. Those countries that provide all kinds of opportunities for industrialization, even if they are economically weak in the beginning, will also become economically prosperous in a short time.

The prosperity of a country is not limited to her natural resources that nature blessed her with because Many nations of the world are so blessed with natural resources but are still in abject poverty and economic crisis due to mismanagement of these monies that comes from these resources the fact of the matter is that economic growth and prosperity is a function of leadership if there is a leader that is prudent with the resources and has a vision he can turn even the most poorest country into one of the best in the world.



This is the case with most African countries a continent that is so blessed with natural and human resources is still looking for aides from the rest of the world because there is nothing like leadership in those countries the so called leaders are only interested in making themselves and families rich  the more

[Xcode7]

I disagree! And I believe you mean the natural resources by the resources remark you made, right?

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.

You're correct, scarcity of resources cannot be the basic economic problems of any country because they don't have it. Basic economic problems arises as a result of mismanagement of the resources that they have which will result in poor governance and lack of basic and social amenities. We can say that economic problems arises when a government can not functioning uptimally, by providing social amenities like good roads, schools and hospitals. Where there is lack of employment opportunities as a result of none functioning industries, some people will resort to crime to survive. These are some of the problems that arises as a result of mismanagement in a country or society.

It is true that the scarcity of resources is not a basic problem of a country's economy because they can get it from other countries if they really need it and the mismanagement of the resources they already have will of course have a very bad impact on their economy and what is very unfortunate is the lack of attention so that this continues to drag on which will have an impact on the people in the country, if only the government could improve governance properly of course the people would not have difficulty in finding jobs that could give them income so that it could prevent some people from committing crimes because it is difficult to get a job because the government does not manage the existing resources to provide their people with jobs.