Post
Topic
Board Economics
Re: #1 economy problem
by
Yeesha
on 06/09/2025, 18:25:11 UTC
Ever thought about what is the #1 problem all countries face? I searched and multiple sources said that an economy's number one problem is scarcity. There is an unlimited demand from humans but there are only limited resources. It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

With limited resources, the government has to decide on the most profitable product to make. They have to find a way where they minimize the costs but maximize the profit. But then they have to ask themselves who should benefit from the end product? Some government decide based on wealth. If you are rich, you get the best products or services. Some governments distribute it equally or based on needs but this usually happens in totalitarian authorities. Some governments mix it up and give some to those in need but also to those who pay taxes the highest.

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing. The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?

Your statements absolutely make a sense, but the question should be, is the governments actually willing and ready to do everything for the growth and development of the country against their self purposes??

If the governments is ready to sacrifice everything for the country then the citizens will actually fulfil all their rights and obligations as the citizens of the respective country, and it will lead to great achievement of the country. The betterment and advancement of each and every country lies in the hands of both the citizens and the governments. And their collision is very important and it going to bring peace, harmony and unity among the people within the country, and it will also bring progress to the country in an unexpected way.