Post
Topic
Board Economics
Re: The Basic economic problems of society
by
peter0425
on 01/03/2025, 16:41:18 UTC
But my question is were 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.
Non renewable sources are now scarce and it is only now people are realizing how it would affect us greatly if these sources were to run out. There is nothing else we can do but regret and think of other ways to get products from.
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So the culprit is mismanagement of resources and not that resources are not there , both human, animal and natural resources are still available.
Even some animal resources are also slowly disappearing. Climate change is also increasing and we might be seeing more of natural resources decrease as well.