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
These are fundamental problem that we face. There always a gap between human needs that are unlimited and a limited quantity of resources so firstly we have to prioritize services and needs we have to put first. Secondly we must choose most efficient methods that are cost friendly and have good environmental benefits for those who have to work eg labours and workers. We must use high technology in this regard, Thirdly we have to determine how can we distribute services and fulfillment of needs among society people. Who needs and whom we have to provide first. Allocating the services among individuals is also important. There another important thing that we should talk about we have to allocate our resources precisely and wisely. We should take note on present investment and consumption and future needs and savings too