Economic problem in all societies

Can someone explain/help me with best solution regarding problem of economic concept of societies...

Within all societies, the economic problem involves: (1) learning to be content with what is obtainable, (2) Equalizing the income distribution, (3) Maximizing whole social consumption and (4) Needs for goods exceeding the potential accessibility of goods.

View Complete Question

Related Questions in Public Economics

Q : Function to organizing productive

Can someone explain me with best solution regarding problem of organizing productive resource and innovating new products... Organizing another productive resource, innovating new products and production methods, and willingness to

Q : Who thought Murderers do more harm than

Murderers do more harm than shoplifters; therefore they must be punished proportionally more harshly as per the school of thought developed through: (i) medieval scholar Thomas Aquinas. (ii) Chinese leader Mao Zedong. (iii) lawyer and social reformer Jeremy Bentham. (

Q : Economic questions incapability of

Economic questions incapable of scientific verification like to correctness or falsity, as like why, how and when to prosecute and execute alleged murderers, or to whom income must be again distributed, fall in the category of: (1) positive economics.

Q : Explain about the positive economic

Positive economic statements: (1) are factual and can never be wrong. (2) predict political viewpoints. (3) are attempts to explain economic relationships. (4) estimate the fairness of social programs. (5) can resolve the matter of equity.

Q : Explain statement of normative

Please help me to solve the problem of normative economics that is given below: Normative economic hypotheses would contain the statement which: (i) Earth consist of five moons composed of blue che

Q : Characteristics of Private property and

I have a problem in economics on the Characteristics of Private property and laissez faire policies. Please help me in the following question. Private property and laissez faire policies are characteristics of: (1) Fascism. (2) Socialism. (3) Monarchy

Q : Example of Normative Macroeconomics

To say that high joblessness rates in this prosperous country are a national disgrace would be an illustration of a: (w) normative macroeconomic statement. (x) positive macroeconomic statement. (y) positive microeconomic statement. (z) normative microeconomic statemen

Q : Society based on pure capitalism Can

Can someone help me in finding out the right answer from the given options. In a society, based on pure capitalism, the government: (i) Is completely needless, as anarchy is ideal. (ii) Specifies the production and distribution plans in detail. (iii) Enforces the prop

Q : Existence problem regarding each and

Can anybody suggest me the proper explanation for existence problem regarding every society. Every society should answer questions regarding “How?, for Whom? and What?” due to the exist

Q : FUNDAMENTAL economic problems of

Society's FUNDAMENTAL economic problems do NOT comprise deciding: (w) what goods to produce. (x) how to produce the goods selected. (y) what occupation each person must pursue. (z) who must find to use the goods produced.

Discover Q & A

Leading Solution Library

Avail More Than 1442198 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1939084
Asked

3,689

Active Tutors

1442198

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment