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
In addition to the three economic problems mentioned above, some other important fundamental problems in a society include the lack of an educated population. If the citizens of a country are not educated, they will lag behind in terms of production, and as a result, economic development will not be possible. If a country's government system is not good, then economic development is never possible in that country. Leadership and good management play an important role in preventing corruption in a country. The less corruption a country has, the more economic development is possible.
There are many big problems in the society because we have politicians and they are not solving the problem because they are doing the work to get next seat in the election and if they will work on the genuine problems then they will lose attention then they will not be powerful person but they want to show that they are powerful and they are doing work but actually they are not doing work. Government should give debt to the youngesters who want to establish their business but they are not doing that and they have to go the banks with difficult conditions and they have no choice but we can't do anything in this case .Government should work the public because they are public servant but they are thinking that they are leaders .