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Discussion II
Discussion II
INTRODUCTION OF ECONOMY
“PROBLEM OF ECONOMY”
Economic
Problems
Production Community
Scarcity
factor needs
THREE ECONOMIC PROBLEMS
The problems in the modern economy (production
sector) include what, how and for whom questions.
The problem of 'scarcity' or 'lack' due to an imbalance
between (i) the needs of the community with (ii) the
factors of production available in the community
On the one hand the desire of the community is relatively
unlimited while on the other hand the resources or factors of
production that can be used to produce these goods are
relatively limited.
THE MAIN PROBLEMS IN THE MODERN
ECONOMY
Actually the main problems in the modern economy are
humanitarian problems such as poverty, unemployment,
hunger, inequality and injustice.
That is why the economy needs rules so that economic
activities can run well and can be felt by all people
because of economy is method to achieve the
prosperity