--%>

Reason of confronting problem of scarcity of people

People whole the world confront the problem of scarcity at all times just because which one reason: (i) Greedy capitalist monopolies under-produce goods, (ii) International markets are plagued with flawed distribution, (iii) Restricted resources and time preclude producing whole goods people wish for, (iv) Opportunity costs are too high for specific types of goods to be profitable and (v) Advertising stimulates artificial need that far exceed which people truly require to survive?

Please help me to solve the problem of scarcity, which is given above.

   Related Questions in Public Economics

  • Q : Explain the positive economic statement

    A positive economic statement is one which: (w) involves scientifically testable predictions. (x) is based upon value judgments. (y) explains the world idealistically. (z) applies primarily to microeconomic data. H

  • Q : Democratic governments exercise partial

    The democratic governments exercise partial control on markets primarily through: (1) Marketing resources it owns. (2) Intimidation. (3) Negotiation. (4) Taxes and regulations. Can someone please help me in finding

  • Q : Explain about the term whom in

    The fundamental economic questions are "What?”, “How?”, and “For whom”? When we ask, "For whom?", we need to know who will: (w) produce the goods. (x) consume the goods. (y) get the profits. (z) decide wh

  • Q : Socialism of nonhuman resources The

    The system in which the government acts as the trustee for all members of society by owning most of the nonhuman resources is: (1) The market system. (2) Capitalism. (3) Decentralized (4). Socialism. Can someone please help me in f

  • Q : Price Specie-Flow Mechanism-early

    The equation ΔMV is equal to ΔPQ while real GDP (which is adjusted for inflation), is fixed is a modern method to distinguish: (w) Adam Smith’s labor theory of value. (x) Francois Quesnay’s circular flow model. (y) Roberto Mich

  • Q : Problem on public sector The word “

    The word “public sector” signifies to: (1) Stockholders and households. (2) Investors and Consumers. (3) Households and investors. (4) Democratic voting systems. (5) All actions of government. Find out the right answer from the above optio

  • Q : Existence of shortages or surpluses

    Shortages or surpluses exist while: (w) transaction costs are zero. (x) quantity supplied be different from quantity demanded. (y) monopolists enjoy exorbitant profits. (z) supply prices equivalent demand prices. H

  • Q : Illustrate the argue by David Hume

    Argument by David Hume that: (w) money is a “veil” which hides the actual workings of the economic system. (x) Corn Laws prevented English workers through competition through low-wage foreign workers. (y) capitalism is the system mainly co

  • Q : Explain about the positive technical

    Positive technical statements: (w) need value judgments. (x) should be valid by definition. (y) can be proved and tested or disproved by fact and logic. (z) are the excellent guides in specifying economic policies.

  • Q : Illustration of Opportunity Cost How

    How can I solve my economics problems? Please suggest me the accurate answer. Harry Homeowner pays three hundred dollar monthly upon a mortgage within a neighbourhood where matching houses rent for eight hundred dollar per month. T