Post
Topic
Board Economics
Re: The Basic economic problems of society
by
Olatundespo
on 03/05/2025, 16:34:59 UTC
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

Let's be frank the basic economic problems of the society can't be scarcity of resources cause even with the availability of resources in the country and society we still experience underlying conditions. But ik looking at it in another aspects that if there's a privilege for employment of citizens to balance up with the availability of resources then there would be a reduction of crime and problems in the society. And while looking at this corruption should be tackled inorder to keep the people at base with enjoying what they are privilege to.
I think most of the problems are due to lack of resources. I have seen this in my country people are constantly fighting to meet their basic needs and they think that only those needs are more important than anything else. Due to scarcity, people with low incomes get involved in criminal activities to meet their family expenses.

If you consider the needs of relatively well-off citizens compared to poor citizens, you will see many complaints about their lives such as finding alternative income to match their needs. Educating themselves for employment and as job seekers. In those cases, the number of criminals may be less but they are free from serious curses like basic economic problems.