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.
Having sufficient resources but not knowing how to manage them or it not being fairly distributed to people of the society will always market the society to be unbalanced and causes economical problems. The society can't be free from problem as there isn't any country that can boost of that but the problems can't be reduce to the extent that it because manageable and that should be what our government should be working on. For them to try to eradicate economical problem is going to be a mission impossible task to do. Poverty has always been the basic economical problem in all society and there are many things that causes poverty like unemployment, below minimum payment also contribute because you can't be receiving below the average salary and still be managing to live a comfortable life.