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.

View Complete Question

Related Questions in Public Economics

Q : Examples of scientifically positive

Illustrations of scientifically positive statements would comprise the assertion that: (i) executing jaywalkers and atheists will enhance the morality of average Americans. (ii) racial prejudice and violent criminal acts are symptoms of dysfunctional

Q : Most dealing of normative economic

Normative economic statements deal mainly along with: (w) the way things should be. (x) production possibilities frontier analysis. (y) facts in place of theories. (z) how to measure economic variables. Please choo

Q : Problem on Capitalism economies I have

I have a problem in economics on Problem on Capitalism economies. Please help me in the following question. Economies primarily based on private resource ownership and decentralized decision making are: (i) Communistic economies. (ii) Fascist economie

Q : Requirements of each and every economic

In contrast to free goods, each and every economic goods: (1) Raise happiness. (2) Are taxed. (3) Need large amounts of human labor to generate. (4) Entail opportunity costs? Please help me to solve the problem of

Q : Hypothesis included by normative

Please help me to solve the problem of hypothesis in normative statements in normative economics that is given below: Normative statements would consist of the hypothesis which: (v) Abuse of alcohol lowers GPAs. (w

Q : When is a good taken as scarce Can

Can anybody suggest me the proper explanation for given problem regarding scarcity in economics generally? A good is taken as scarce when people: (w) lack the funds required to make sure their survival. (x) require

Q : Problem on economic system of a country

The economic system of a country is generally categorized according to: (1) Who makes decisions and who owns that resources. (2) Whether it is totalitarian or democratic. (3) Its per capita GDP and its currency value in the Euros or U.S. dollars. (4)

Q : Case of priceless in relative prices

While people sincerely refer to something like "priceless", so they most likely mean that this is: (a) mostly meaningless to name a monetary price since its opportunity cost is more high. (b) worthless junk on that they place no value. (c) irreplaceab

Q : Economic models assumptions regarding

Economic models based upon assumptions such that singles pursue their own self interests aspect that: (i) Generally predict better than models which assume humanitarian motives. (ii) Yield dubious outcomes for economics. (iii) Distort the economy with

Q : Uses of a theory in economic analysis

To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data.

Discover Q & A

Leading Solution Library

Avail More Than 1424505 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952381
Asked

3,689

Active Tutors

1424505

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment