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.
When Elasticity of Demand is greater than one, the demand is ...
Which of the following is not an argument for the policy of privatization in West Africa? ...
The Central Bank controls money supply through all the following except ...
Quantity Total cost 0 20 1 25 2...
Government's involvement in agricultural business in Nigeria is most manifested in the ...
An example of commodity money is ...
Middlemen in an economy perform the function of ...