In economics all goods are said scarce,discuss giving examples from Tanzania
replied to: kinyor09
Replied to: In economics all goods are said scarce,discuss giving examples from Tanzania...
Who cares about Tanzania?! What I think we need to worry about is the economics of this damn country.
replied to: kinyor09
Replied to: In economics all goods are said scarce,discuss giving examples from Tanzania...
Depends on what you mean by goods. Actually, the scarcity and economics thing-- i.e, "the economic problem"-- typically has to do with the scarcity of economic resources, aka the factors of production-- land, labour, capital, and entrepreneurship-- and the fact that they are limited. That is, though human wants are unlimited, the means with which we have to satisfy them aren't.