Quote from: BitcoinAleph on January 21, 2025, 04:58:24 AM

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

But my question is was these resources scarce from the origin? The answer is no. Therefore, I think the challenge is more of mismanagement that has led to corruption and that makes it uncontrollable. Corruption is difficult to stop and when government don't do the right thing, they try to borrow unnecessarily without planning. Improper planning and printing of money lead to inflation.

What you have listed is chains of production but before then you need to factor in how inflation will cause high price of goods when they are produced. If you sell at a high price to a consumer whose monthly salary has been stagnant for 5 years whilst the price of goods has increased more than 10 times for that same 5years, it means the economy is not progressing proportional to the income power of consumer therefore leading to low standard of living. These are the reasons you see people begging on the streets while others take begging as a cooperate adventure because they can't make ends meet as a labour force.

So the culprit is mismanagement of resources and not that resources are not there , both human, animal and natural resources are still available.