Post
Topic
Board Economics
Re: The Basic economic problems of society
by
Olatundespo
on 15/04/2025, 17:12:22 UTC
The basic economic problems in a society are mainly due to insufficient resources. If there is less wealth compared to the total population, there will always be financial problems in that society. If we work to create sufficient resources, we will definitely be able to properly shape our society.
With proper planning a proper distribution system can be developed in the society from insufficient resources. If you give up, then a proper and regular distribution system of the society will not be developed. It should be done by qualified people and through acceptable representatives. Except for a few developed communities, most of the communities in the world are not complete in terms of needs. They should be prioritized through a proper and balanced distribution system and their assistance should be provided accordingly.

Although the amount of resources is small, most of the communities are facing basic economic problems due to lack of skills to produce from it. To get rid of this they need competent leadership which is not present in most societies/countries. To create competent leadership, an educated population is needed.