#1 economy problem

[sana54210]

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.

To be fair, that is true for car manufacturing and phone manufacturing in most cases. Whatever requires a chip basically, like GPU's for example. Because if you need to buy chips, you are going the giants like Nvidia and car companies and all of that, instead, you have to build your own, which costs 20+ billion dollars, and takes many years of R&D which you may never catch up.

So why deal with that business, when you can just get it from other nations for cheap, put low tariffs on those special items, and get it for cheap. Hell, some people around the world (forgot the nation, was it Thailand?) can get iphones cheaper than Americans. Because chips are near, factories are near, so it's cheaper that way instead of traveling all through many oceans.

[coupable]

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?

By saying this, you ignore the new world order based on globalization. Nations in different areas of the earth can't satisfy all its needs alone. Each country needs resources from other parts of the world which force them to cooperate all together to realize Sustainability. In the other hand, nations who has no problem producing unlimited supply in any product would't benefit from it without exporting it to other nations whom in turn will exchange with other resources. Yes the scarcity is a problem but not without a solution.

[WillyAp]

To be fair, that is true for car manufacturing and phone manufacturing in most cases. Whatever requires a chip basically, like GPU's for example. Because if you need to buy chips, you are going the giants like Nvidia and car companies and all of that, instead, you have to build your own, which costs 20+ billion dollars, and takes many years of R&D which you may never catch up.

Are you aware that most bigger Car companies use SIM Cards in their cars?
More and more there are special services purchased additionally over bookable subscriptions for more CV, faster engine settings and such. 

[o48o]

To be fair, that is true for car manufacturing and phone manufacturing in most cases. Whatever requires a chip basically, like GPU's for example. Because if you need to buy chips, you are going the giants like Nvidia and car companies and all of that, instead, you have to build your own, which costs 20+ billion dollars, and takes many years of R&D which you may never catch up.

So why deal with that business, when you can just get it from other nations for cheap, put low tariffs on those special items, and get it for cheap. Hell, some people around the world (forgot the nation, was it Thailand?) can get iphones cheaper than Americans. Because chips are near, factories are near, so it's cheaper that way instead of traveling all through many oceans.

I am unsure that what was that counterargument to, or if it's even counter argument as i wasn't talking about tariffs.

Because it still doesn't rule out the fact that rich people inside those economies get to buy better products, just like in your country. It doesn't matter if they get them cheaper in overall comparison to you. It's still very unlikely that poorest people would buy state of the art top-notch technology, when they can better afford cheaper models (if they can afford even those).

[red4slash]

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.

It seems that this situation occurs in almost all countries, but not all countries or officials are indifferent to policies or current events. Some large countries that are serious about their development always do their best, but this is not the case in developing and underdeveloped countries where corruption is still rampant and some officials and politicians sometimes act solely for their own personal gain. Ultimately, this situation like this clearly become different.

The issue of price increases, especially for fuel, as well as several economic problems caused by food exports will clearly have an impact, but what distinguishes this issue is the role of the government because it can have a significant impact in the end .

[Botnake]

If we don’t have enough resources, poverty will continue to arise, which will put these poor people having the least advantage. Corruption happening in the government is also one of the biggest reasons why the economy continue to fail. They don’t spend the money on cultivating those resources, but they fill in their pockets instead for their own greed for wealth. Unfortunately, this is happening all over the world, and until now this hasn’t been given solution because the government officials wouldn’t allow it too for personal reasons.

[SATWAT]

If we don’t have enough resources, poverty will continue to arise, which will put these poor people having the least advantage. Corruption happening in the government is also one of the biggest reasons why the economy continue to fail. They don’t spend the money on cultivating those resources, but they fill in their pockets instead for their own greed for wealth. Unfortunately, this is happening all over the world, and until now this hasn’t been given solution because the government officials wouldn’t allow it too for personal reasons.

World is always full of opportunities and sources, but sadly things have never been in balance due to personal ego and many other factors that are always present corruption it's nothing new, but the fight for control can also be hurtful and create conflicts.
If a country lacks sufficient sources it needs to work on creating them because if they fail they will face problems that can threaten their freedom many examples of countries have done development and now enjoy some success, but many issues remain unaddressed due to domestic problems.

A country wants to live with authority they must always work hard and achieve their goals because they love their freedom and respect for it.

[punk.zink]

World is always full of opportunities and sources, but sadly things have never been in balance due to personal ego and many other factors that are always present corruption it's nothing new, but the fight for control can also be hurtful and create conflicts.
If a country lacks sufficient sources it needs to work on creating them because if they fail they will face problems that can threaten their freedom many examples of countries have done development and now enjoy some success, but many issues remain unaddressed due to domestic problems.

A country wants to live with authority they must always work hard and achieve their goals because they love their freedom and respect for it.

The most fundamental factors recurring in many countries are extractive institutions: weak state capacity, selective laws, and oligarchies born of a history of exploitation (colonialism, slavery, war, land grabbing), which are then maintained by socio-economic inequality. Although economic problems arise from many interconnected factors and create a perpetual cycle of poverty, I believe there is a priority order that must be considered to untangle the knot of economic problems:

1. Guaranteeing basic security/minimizing criminal violence. This allows social and economic activities to proceed.
2. Legal certainty, a capable state, and pro-public regulations.
3. Special attention to nutrition and public health so that the economic impact is quickly felt, especially by future generations.
4. STEM-based basic education, ensuring students truly learn, not just attend school.

These four main pillars shift incentives, establish productive work norms, and pave the way for economic diversification. After that, downstreaming and new technologies are truly effective.

[Synchronice]

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?

Number one economy problem is that fact that those in the government try to keep the level of the education of their citizens very low, which in turns results in dumb people and dumb people are always a majority, they also always make wrong decisions and sadly, they decide the fate of the rest. Also, the system is designed in a way that it keeps you a slave. Rich people are getting richer, poor people are getting poorer and they also have to work more for less pay. Resources are not really the problem, the problem is that a few people have billions of dollars while they'll never use 90% of that in their life. If people were honest, then world would be a heaven.

[Emjay24]

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?

Governments doesn't really need to answer these questions since there are entrepreneurs who would sharply identify the needs of people around and turn it into a business activity.

This is why the private sector is very important to coexist with the government so they can provide supplies of direct consumers need and make a living from satisfying clients and revenue for the government.

On the other hand the government is needed to regulate their activities so their actions are properly guided in the interest of the public they serve.

[Jubilee58]

It is very common for a country to face economic challenge, but when this happens the government in charge have to act accordingly to remedy the situation.For this to happen, the government have to build some factories, lias with investors and entrepreneurs in order to improve the economic situation of the country.When the economy is good, it brings job opportunities, there is increased productivity and exchange of goods and services is balanced, thereby making lives easy for the people.

[Solodoski]

It's a known fact that scarcity is the main problem for evert economy,  but management is also very important. Some countries have a lot of resources that can cater for the citizens,  but those in charge of managing the resources are just being greedy and only think about themselves, that they forget about the citizens.
They share this resources amongst themselves and the citizens really don't get anything from the resources,  that why they keep struggling and we begin to think that the resources is scarce. In my opinion I think the main issue of the economy is management.

[Onyeeze]

On the contrary for me, I think the major problem faced by different countries is climate change and probably it gives rise to other possible effect and factors like scarcity which is reasonably caused by desertification. Have we not seen that natural environments are fast disappearing due to human need to survive as the environment keeps bringing in more challenges from bush burning and forest fire increase. Scarcity has a root cause and that is climate change that has made resources for survival more challenging. creating health problems and diseases like COVID-19 that most times changed the focus and financial budget of countries.

Base on your point, you are relating it to the agriculture, if the source of country economy is from agriculture its where what you analysized will affect the country economy, I know very well that country economy is one of the things that affect country that depends on agriculture for economy, sometimes it will not affect them if they use mechanised kind of agricultural methods, it's the way that it will not affect the country, a good country managed their economy

[AprilioMP]

The inability to utilize existing resources is the problem of countries with poor systems. It's not unheard of; I think there are countries like that, corrupt countries that don't want to progress. For me, management is paramount in running a country so that long-term goals can be met.
Natural resources are abundant, but human resources lack the tools to produce them, so it's no surprise that much equipment must be purchased from other countries.

[Accardo]

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?

There are too many basic needs of humans, expect to see products that meet the daily demand of people face diminishing returns from the manufacturers. That is where the counterfeit industry comes into play. Because the limited products from limited companies cannot make up to the standard of demands on products, the counterfeit industry became one of the most flourishing industries in the world. With no single product left untouched.

Coming back to things humans wants on season, they'll hardly face a diminishing return, because demand is low and could only be high on a certain period of time. Think of Christmas lights, you never go looking for them on July and not find it, not a lot of people want it at that time.. Once it's December it begins to face a diminishing return, more production hands will also move to that direction of human desire to supply demand at the expense of paying higher or low prices, based on quality and design. Hence, the basic needs of people are always met with affordability.

[bitgolden]

Number one economy problem is that fact that those in the government try to keep the level of the education of their citizens very low, which in turns results in dumb people and dumb people are always a majority, they also always make wrong decisions and sadly, they decide the fate of the rest. Also, the system is designed in a way that it keeps you a slave. Rich people are getting richer, poor people are getting poorer and they also have to work more for less pay. Resources are not really the problem, the problem is that a few people have billions of dollars while they'll never use 90% of that in their life. If people were honest, then world would be a heaven.

This is connected to each other. They keep the poor people stupid, and new generation becomes stupid as well, stupid people look at others to blame, and then they do not see the real blame. This is the same in every nation, most cases it's left vs right, but never up vs down, when in reality the problem should always be up vs down.

Rich people keep getting richer, they even get money from the government to get richer, but if poor people ever demand the same money from the government, they push media (the same media rich people own) to make news about how that is socialism or communism and how that is bad. This is why we should try to educate people to get what they deserve, that's it, just what they deserve. If we all made the salary that we deserve, then it wouldn't be a problem.

[WillyAp]

This is connected to each other. They keep the poor people stupid, and new generation becomes stupid as well, stupid people look at others to blame, and then they do not see the real blame. This is the same in every nation, most cases it's left vs right, but never up vs down, when in reality the problem should always be up vs down.

Poor people cannot learn?
Who taught you reading? Your parents or your school.

African kids run 15 miles a day for the privilege to get educated.
But western societies need to go every mile to make it easier. Calculators make people stupid.
Every crutch stops people from relearning how to walk.   

[Yeesha]

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?

Your statements absolutely make a sense, but the question should be, is the governments actually willing and ready to do everything for the growth and development of the country against their self purposes??

If the governments is ready to sacrifice everything for the country then the citizens will actually fulfil all their rights and obligations as the citizens of the respective country, and it will lead to great achievement of the country. The betterment and advancement of each and every country lies in the hands of both the citizens and the governments. And their collision is very important and it going to bring peace, harmony and unity among the people within the country, and it will also bring progress to the country in an unexpected way.

[goldkingcoiner]

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?

The problem is in capitalism itself.

Produce produce produce, make more than last year, make higher profits, just make it. Do we really need everything we produce? No. Even though we have limited resources, we are too greedy to stop wanting more and more. Look at for example bakeries. Nobody, absolutely nobody eats all that bread they produce. But do they instead produce less? No, of course not. They would rather throw the surplus away than risk missing out on even a tiny bit of profit from producing too little.

[dumpsterhawk]

The problem is in capitalism itself.

Produce produce produce, make more than last year, make higher profits, just make it. Do we really need everything we produce? No. Even though we have limited resources, we are too greedy to stop wanting more and more. Look at for example bakeries. Nobody, absolutely nobody eats all that bread they produce. But do they instead produce less? No, of course not. They would rather throw the surplus away than risk missing out on even a tiny bit of profit from producing too little.

Yep. The infinite growth economy is a scam idea that a few fake experts inserted into the world discourse some time ago. People confuse basic things and love to submit to authority, just having a Phd does not mean you know anything. You could be as dumb as a rock. That's why the world is full of fake experts and false ideas. There are some good books on economies that don't chase yearly growth. Assuming even half of the theory would come true, those economies are utopias compared to our capitalist hell.