#1 economy problem

[Josefjix]

In my country, what causes economy problems is the rise of petroleum, fuel and other gaseous substance, once the price of these chemicals go up, then the economy is in doom where it's hard to solve the problems, everything rises in price even a product that doesn't use fuel to function.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

[alegotardo]

Will there be a time where we would all have to literally fight for resources?

Exactly!!! Resource scarcity are an problem that all governments face, even those like mine (Brazil) where natural resource are quite abundant... its impossible produce everything that we consumE.

The curious thing is that this logic is applied to several other resources, such as time, people's attention and evencredibility... economies prioritize those who pay the most, socialists distribute (as you rightly said), but neither can solve the problem but only manage it.

And you know that not all scarcity is bad, right? For example... In a few years, we will have this same "problem" with the Bitcoin, which has a limited supply of 21 million... demand will grow even more, and we'll have to "fight" for this resource.

I think the real problem was never the end of scarcity, but rather how to learn to deal with it in a way that is less unequal and more sustainable... whether in natural resources, industrialized resources or anything else.

[el kaka22]

I would say, it's taxing and the wrong way that we are doing and the power that companies have that makes it even harder to tax them. Simply put, let's say USA decided to tax tesla and amazon like crazy, like 90% of their profit etc, they are just bonkers, obviously you shouldn't do that much, but let's say that they did, you would cover so much of the taxing that you would give tens of millions of people tax breaks, hell under certain earners could get no taxes at all.

But do you know why that doesn't happen? Not because we want companies to grow, or hire people or anything like that, no. We don't do it, because those companies say "we will get our HQ to somewhere else, and pay less taxes here", so you literally lose tax, when you try to earn more tax.

Companies have too much power. Any company that makes more than a million dollars per month, should be paying high taxes. Instead? We pay subsidies to poor people who work at amazon, so we pay amazons taxes back to amazon to help them pay their workers basically.

[dunfida]

Ever thought about what is the #1 problem all countries face? I searched and multiple sources said that an economy's number one problem is scarcity. There is an unlimited demand from humans but there are only limited resources. It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

With limited resources, the government has to decide on the most profitable product to make. They have to find a way where they minimize the costs but maximize the profit. But then they have to ask themselves who should benefit from the end product? Some government decide based on wealth. If you are rich, you get the best products or services. Some governments distribute it equally or based on needs but this usually happens in totalitarian authorities. Some governments mix it up and give some to those in need but also to those who pay taxes the highest.

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing. The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?

We all know scarcity is real, but I think the bigger problem is management.
A lot of countries have enough resources to keep everyone comfortable, yet we see waste in one place and shortage in another. It’s not always about lack. Sometimes, it’s bad distribution, greed, or corruption.
If leaders used resources efficiently, planned long-term, and kept the process transparent, scarcity wouldn’t feel like a permanent crisis. The danger is, when people lose trust in how resources are handled, they start competing aggressively for whatever that is left and that’s when conflicts happen.
Maybe the question shouldn’t just be “How do we produce more?”, but “How do we share better?”

I would say be mostly about corruption most of the time but I do agree with that management is something that we can talk about its relevance. Same here in our country on which we do keep on importing something or goods and other natural resources but if we do tend to zoom out that the country itself is already have that abundance of it. Why is that? They are that aiming to export in other countries to make more money instead on trying out to circulate it out on the country itself and benefit from it in terms or economic development. There might be still some exports but it shouldnt be that totally be in majority into exporting but rather it should be done on utilizing the resources and other things on which that would be benefiting out the overall economy. I can definitely say that this has something to do with corruption too on which they are that wanting to have that more money instead for thinking about in overall benefit and some sort.

This is where we can see different countries does have that different situations or conditions when it comes to economical aspects on which it will be that having that main difference depending into the governance into its leaders or simply on how its been run. Progressive one and the one doesnt have any development at all.

[pusaka]

While this is true, resources are limited, and the real problem lies in using these limited resources effectively. You mentioned corruption, and I believe this is where the first problem begins. Then there's the income distribution and improper distribution.

Many sources may have said it because of those who want to call it a scarcity, and yes, scarcity is a problem, but we shouldn't attribute the global economic downturn to it. With sustainable production and consumption, these problems wouldn't exist, but leaders don't want that.

I think it's all about corruption. Because even the small countries like Japan that aren't big and rich in many things yet, they're able to grow their country economically. And they're also growing their own source and that's the reason why they're a first world countries. Corruption isn't tolerated there and if they're facing an economic crisis, they're doing all sorts of solutions to help the even smallest citizen in the society. Their yen has gone down for the past years but they're starting to recover now. So, it's up to the leadership, and how corrupt practices are rampant into a country.

Corruption is indeed a problem, and I see it occurring in developing countries. Many still prioritize individual or group interests over the state or society. In my country, corruption remains rampant and very difficult to overcome, perhaps because there are too many irresponsible individuals.

Well, I think one way to address this is by improving the public's intellectual capacity. In my country, the lower-middle class is easily manipulated, especially during elections, for example, when they vote based on the money they receive from prospective leaders.

[junder]

In my country, what causes economy problems is the rise of petroleum, fuel and other gaseous substance, once the price of these chemicals go up, then the economy is in doom where it's hard to solve the problems, everything rises in price even a product that doesn't use fuel to function.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

While rising prices are certainly a natural occurrence, they can sometimes be a significant problem for lower- and middle-class people. Given that everyone's economic circumstances are different, some are prepared for price increases and don't think much about them because they can afford them. On the other hand, those in the lower-middle class may not be prepared and may protest to the government, but this often doesn't lead to any improvement.

[Ishicryptic]

From my own observation the number 1 economic problems of undeveloped countries is mismanagement, if a country cannot manage the resources that it has their economy will suffer. It's not so much about the basic question of what to produce and whom to produce it for but the main focus should be after trade and commerce how do a government manage their resources? There are countries that are rich in manpower, intelectials and mineral resources yet their economy are very poor in the abundant of what to produce and a thriving market. When an economy is run by corrupt leaders who mismanage their funds and makes poor decisions that is the number root cause of economic problems.

[m2017]

Will there be a time where we would all have to literally fight for resources?

This is already (always) happening. Right now, all of us (those who know about bitcoin) are "fighting" for this limited resource.

It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

It seems to me that the most important question that any government 1st of all decides is "how to hold on to power for as long as possible".

In the conditions of limited resources in which we live, there will always be a shortage of resources, and, accordingly, an uneven distribution. The closest example is bitcoin. Look, someone doesn't have a couple of satoshi, and someone has hundreds or even thousands of bitcoins. The same thing happens with traditional resources: money, land, minerals, and so on.

[WillyAp]

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing.

The population keeps growing in mainly developing nations. While developed nations are facing demographic problems. Their population is ageing, and the young generation is not willing to produce more babies. In China, Japan and other countries the younger generation are not giving birth due to the high cost of raising children and past government policies.  

The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?

The world's resources is enough to feed its entire population. Every day there are discoveries of raw materials in different countries. The issue is that only a few people control the majority of global resources. The fight for resources is already on. If you want to get out of poverty, you would have to fight to get your own share of global resources.

We are very fortunate to know one of the ways of benefiting from the world's resources, by accumulating Bitcoin.  

This is one of the extracts on our issues we face.
We need to adapt that is the only way out.  No mars in sight.

[Eternad]

From my own observation the number 1 economic problems of undeveloped countries is mismanagement, if a country cannot manage the resources that it has their economy will suffer. It's not so much about the basic question of what to produce and whom to produce it for but the main focus should be after trade and commerce how do a government manage their resources? There are countries that are rich in manpower, intelectials and mineral resources yet their economy are very poor in the abundant of what to produce and a thriving market. When an economy is run by corrupt leaders who mismanage their funds and makes poor decisions that is the number root cause of economic problems.

This is also the main reason of economic problems for me. Our country despite of being a third-world country is considered to be a developing country in Asia.

We are rich in seafoods and agriculture that we even export some of it internationally and yet why does our governement rely and suppoort more the imported products from other countries.

This is because the government would earn more because of kickbacks from imported products.

[sunsilk]

In my country, what causes economy problems is the rise of petroleum, fuel and other gaseous substance, once the price of these chemicals go up, then the economy is in doom where it's hard to solve the problems, everything rises in price even a product that doesn't use fuel to function.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

That's composed of two things, but I think these two reasons, corruption and high petrol prices, really are the main drivers of a country's economy.

From food to manufacturing, everything needs to run through fuel and even the energy and electricity. Welp, in developing countries people are aware of what kind of leadership they have.

And so, the only thing that they're leaning on is themselves. The opportunities that they're the ones looking for and for them to get as much resources that they need. Instead of the government to be there to help them provide.

[highalch]

There is an unlimited demand from humans but there are only limited resources.

Most of the resources on Earth are practically unlimited even if limited in theory. Humans only ever tried to extract oil and minerals from the outermost 1% of Earth's crust, why? Not because they couldn't. They are already providing the right supply for the current demand. If demand increases, they'll dig deeper.

The concept of marginal utility which was mentioned here before is also important. "Unlimited demand" in your terms is not true, it's an ever-decreasing demand as one's needs get filled.

[GeorgeJohn]

It is obvious that the economy problem of any country lies to the leaders of other particular country, the governing Council of that country with the side or determine things that we profit the country, do you know that what collapses a country economy is when they don't have a fund reserve, most of the country does not have a fund reserve to their country and that is why there are economy get worst every time or whenever they economy is bad they don't have anything to resurrect their economy

They can create things that can generate a funds in the country, especially  been innovative by using a manpower or equipments that speed up their product in order to make her nation to have a good economy.

[peter0425]

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

Because the ones elected in power are not intelligent enough. Not only that but the ones in positions are also corrupt. So they purposely come up with failed or ineffective projects to fund their own pockets instead. Corruption really is the poison of a country

[bangjoe]

There is an unlimited demand from humans but there are only limited resources.

Most of the resources on Earth are practically unlimited even if limited in theory. Humans only ever tried to extract oil and minerals from the outermost 1% of Earth's crust, why? Not because they couldn't. They are already providing the right supply for the current demand. If demand increases, they'll dig deeper.

The concept of marginal utility which was mentioned here before is also important. "Unlimited demand" in your terms is not true, it's an ever-decreasing demand as one's needs get filled.

Theoretically, this is correct and limited; you cannot argue with it. Resources are limited, even if you continue to explore, you will eventually find their limits. Resources do not grow, but they decrease as they are used. The larger the human population, the greater the demand will be. That is how it works. Some people are already aware that resources are limited, which is why so many people are researching renewable energy, looking for alternatives to existing resources. It's not because they are greedy, but because they know that what is on earth will definitely run out if it is continuously exploited.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

Because the ones elected in power are not intelligent enough. Not only that but the ones in positions are also corrupt. So they purposely come up with failed or ineffective projects to fund their own pockets instead. Corruption really is the poison of a country

They are not creating failed projects, but rather successful projects, only for themselves, for their own interests and those of their groups. We often see this in many corrupt countries, where they do not care about the general public or communities that have no interest in them. Most people who hold office today in corrupt countries do so to maintain, strengthen, and expand their personal profits. We know that entrepreneurs can be pressured by the government, but if entrepreneurs enter the government, they will easily set regulations that only benefit themselves.

Meanwhile, the economy of the general public is not a major concern. Today's leaders are saving their own stomachs and do not care about the stomachs of the lower classes.

[fuguebtc]

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

Because the ones elected in power are not intelligent enough. Not only that but the ones in positions are also corrupt. So they purposely come up with failed or ineffective projects to fund their own pockets instead. Corruption really is the poison of a country

It is undeniable that corruption is a poison to any country but it must be known that running a country is not easy when having to deal with not only domestic issues but also foreign affairs (diplomacy) issues.

Don't just blame the government if your country is facing difficulties, unemployment or poverty, and you don't even know the strengths, weaknesses, potentials and challenges your country has and faces.

If you think leaders are not smart enough. If you are the leader of a country with no natural resources, no technology, no infrastructure and is being fought over and destroyed by the great powers. Or if the superpowers impose an embargo, trying to isolate you from the world like Cuba is experiencing, what would you do if you were president?

Leaders and governments are responsible if a country becomes poor, but running a country is more complicated than we think. We should find out the problem, the cause and give a fair assessment instead of just blaming them completely.

[Yeesha]

In my country, what causes economy problems is the rise of petroleum, fuel and other gaseous substance, once the price of these chemicals go up, then the economy is in doom where it's hard to solve the problems, everything rises in price even a product that doesn't use fuel to function.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

This is also one of the problem that we are facing in my country. Rises in those chemicals substances also contribute to the inflation that we are facing now in the the country. The government knows what needs to be done for everything to go back to normal, but they are doing nothing about it. They are actually not helping the situation at all. We have mineral enough resources that are more than enough to make the country grow and develop, but they are misusing them. I'm aware that some people will said that is not the government fault, if not the government then who's fault is it.

[o48o]

Ever thought about what is the #1 problem all countries face? I searched and multiple sources said that an economy's number one problem is scarcity. There is an unlimited demand from humans but there are only limited resources. It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

Every country is formed on bunch of trading centers which formed pretty much self sustaining network. But these days, to trade between other countries, demand can be bigger, or already saturated so that it's cheaper to just buy it from other countries then produce.

I don't think that the scarcity is a problem there's more then enough for everyone. Problem is that there's 4 people in the world have more wealth then rest of the world combined. And that there's this expectation of ever expanding growth, which isn't sustainable.

Some government decide based on wealth. If you are rich, you get the best products or services. Some governments distribute it equally or based on needs but this usually happens in totalitarian authorities. Some governments mix it up and give some to those in need but also to those who pay taxes the highest.

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing. The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?

In all noteworthy governments a rich people / ruling class gets to buy best products. It doesn't matter if you live in social democratic, republic nation or in authoritarian regime / communist society where the wealth and power is centered to small group of people.

And we have been already fighting for the resources since the start, it's just not make sense for individuals to fight for them anymore, as it would just destroy countries from inside. Together we are stronger, so it's the countries that fight over them.

[dumpsterhawk]

There is an unlimited demand from humans but there are only limited resources.

Most of the resources on Earth are practically unlimited even if limited in theory. Humans only ever tried to extract oil and minerals from the outermost 1% of Earth's crust, why? Not because they couldn't. They are already providing the right supply for the current demand. If demand increases, they'll dig deeper.

The concept of marginal utility which was mentioned here before is also important. "Unlimited demand" in your terms is not true, it's an ever-decreasing demand as one's needs get filled.

The costs and the environmental factors come in to play. There is demand but not at the price required for such operations and negative externalities.

[Cookdata]

In my country, what causes economy problems is the rise of petroleum, fuel and other gaseous substance, once the price of these chemicals go up, then the economy is in doom where it's hard to solve the problems, everything rises in price even a product that doesn't use fuel to function.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

I suppose you are referring to Nigeria my country. Our problem has been subsidy and corruption. You see, fuel isn't cheap in all places, even in the countries that are the biggest oil producing countries doesn't but fuel/gasoline very cheap. Here is our problem and things that has been going down:

We soley depend on oil for our revenue, this is the biggest place Nigeria generates its revenue but was subsidizing the one sold to the people in the country, reason is that we are as a country we are don't have much money to feed and cutting down the price will help the average person live a simple life but the subsidies momey wasn't really doing anything, they are been stolen by cabals. Now that the government has decided to remove the subsidy, the average life of a common man isn't longer the same, everything is just hard because everything you can mention now depend on fuel.

The latest problem we have now is the removed subsidy is no where to be found, don't know where this government is going but we will found out if they get out of office.