Quote from: Oluwa-btc on March 02, 2025, 05:11:25 PM

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

What resources if i may ask? Is it natural resources or artificial I want to know, well I wouldn't know why you think the economic problems is caused by scarcity of resources that you didn't clearly mention but when you talk about economic problems the angle you should be coming from is inflation which has been a destructive force to the economy overtime and then you look at unemployment and then poverty and so many other area as well but this is the key angles you should be looking at when it comes to the basic economic problems of the society.

There are many reasons of economic problems in the society. I think big problem is job mindset and wasting time on degrees. Job mindset people do the job for 9 to 5 and they live life being poor or middle class. There is no benefit of country of doing job of this person. If he will start business then economy of country will be strong and he will be also free from many things and can invest time on other businesses. If you are shopkeeper then you should expand your business and hire qualified people who have experience of work and can take responsibility of work. Open new branches and you will get passive income from that by investing money in that.These employees will work and you will get almost 20 percent profit from the business by doing nothing and economy will be strong by that step.