Economics problems arise in all societies because
...Economics problems arise in all societies because
Resources are mismanaged by leaders
There is no proper planning
Resource are not in adequate supply
The services of economists are not employed
Correct answer is C
The basic problem of every society arise as a result of scarcity i.e limited supply of resources since our wants are unlimited.
An owner-manager of a firm can also be called ...
Balance of payment deficit in Nigeria CANNOT be solved by ...
The International Monetary Fund (IMF) is an international organization which ...
As a factor of production, the reward for land is? ...
The function that distinguishes commercial banks from the central bank is that the former ...
An example of an expansionary fiscal policy action is ...
The privatization exercise in Nigeria is a move towards a ...
A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that ...