Human beings are created to strive and survive in cases of scarce resources; just, is order ready to stand by itself in the case of essential emergencies where resources are few to be distributed among all the population? This move and others provide be covered on this paper. This paper will cover briefly the economic problem and its solution tenseness in the daily events or activities these days, and in a passing urbanized world.
What is the economic problem? The economic problem emerges because the inclination for goods and services to consume is greater than the ability to produce those goods and services. The drive for goods and services arises from human wants (Richard Young, 1996, p. 1). As it is known the population of join States is growing in a fast pace; however the need to struggle for existence is increasing at smart pace due to lack of natural resources. The United States is a rich nation that has survived, because if its citizens do not execute their tasks, individual else will do it. Meaning, if the country cannot produce the goods, it will debase from somewhere else.
The United States, as an economic society essential organize a system to assure the production of full goods and services for its own survival, and make plans for the distribution of such(prenominal) goods, so that more production can take personate (Robert L. Heilbronet, Milber S. William, 2002, p. 1-4, chap. 1).
Three economic solutions to the economic problem have been created through time. The first off one is tradition, which solves the problems of production and distribution by enforcing a perseveration of status and rewards through social institutions such as the affinity system. One still remembers, in the old days when children use to learn what his father did in the farm...
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