are the basic economic problems?
6730
Basic Economic Problem. The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. Finite resources mean they are limited and can run out.
808710
["Changes in the Gross Domestic Product (GDP) GDP is typically considered by economists to be the most important measure of the economy's current health. ... ", 'Income and Wages. ... ', 'Unemployment Rate. ... ', 'Consumer Price Index (Inflation) ... ', 'Currency Strength. ... ', 'Interest Rates. ... ', 'Corporate Profits. ... ', 'Balance of Trade.']
554662
Economic slowdowns and downturns often lead to a rise in unemployment and decline in wages and incomes, challenging access to food and essential social services for the poor. People's access to high-quality, nutritious food can be affected, as can access to basic services such as health care.
1040208
['Inflation – Inflation measures the cost of goods and services. ... ', 'Employment – People with jobs can spend and invest. ... ', 'Housing – In a land of increasing house prices, banks lend and the economy booms. ... ', 'Spending – We live in a consumption-based society. ... ', 'Confidence – Although it is elusive, confidence drives everything.']
805594
["GDP cannot reflect the overall situation of people's welfare. ... ", 'The non-market economic activities. ... ', 'GDP does not reflect the quality of the economic development. ... ', 'The environment cost and pollution. ... ', 'The GNI-Lorenz curve. ... ', 'The gross domestic income (GDI) ... ', 'The physical quality of life index (PQLI)']
626792
['Low per capita income.', 'Occupational pattern – primary producing.', 'Heavy population pressure.', 'Prevalence of chronic unemployment and under-employment.', 'Need for a steady improvement in the rate of capital formation.']
535157
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
315483
In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off.
1225060
Social issues are distinguished from economic issues because social issues are purely social, however, some issues (such as immigration) have both social and economic aspects. Economic policy refers to the actions that governments take in the economic field. ... All of witch are economic issues.
1062153
Furthermore, economic conditions are the sum total of many factors that can greatly affect a business. Such factors include GDP of the economy, per capita income, availability of capital, utilization of resources, state of the capital market, interest rates, unemployment levels, etc.
1397337
Basic Fundamental Analysis revolves around three key economic indicators. These three indicators are CPI, GDP and Unemployment.
494060
['Increased consumption. ... ', 'Higher investment in public services. ... ', 'Lower unemployment. ... ', 'Possible inflation. ... ', 'Current account deficit. ... ', 'Environmental costs. ... ', 'Income inequality. ... ', 'Social costs of economic growth.']
1296706
Low unemployment is usually regarded as a positive sign for the economy. A very low a rate of unemployment, however, can have negative consequences, such as inflation and reduced productivity.
1045656
Though UBI makes for a good slogan, it is a poorly designed policy. Basic economic theory implies that taxes on income are distortionary inasmuch as they discourage work and investment.
1129897
Economists say there are four basic types of economic activities: The Primary Sector, i.e., raw materials. The Secondary Sector, which includes industry and manufacturing. The Tertiary Sector, i.e., services.
696600
Economics is not just about money. It is about weighing different choices or alternatives. Some of those important choices involve money, but most do not. Most of your daily, monthly, or life choices have nothing to do with money, yet they are still the subject of economics.
544263
['Low per capita real income: ... ', 'Low per capita real income: ... ', 'High population growth rate/size: ... ', 'High rates of unemployment: ... ', 'Dependence on primary sector: ... ', 'Dependence on exports of primary commodities: ... ', 'Low incomes per head: ... ', 'Low levels of saving due to low income:']