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Ques:A country's resources are fully and efficiently employed.The problem of Scarcity exists.What advice will be given to raise the efficiency level of the human resources to fight scarcity ?
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Answers
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The governments use to solve the problem of scarcity is by raising prices but they must make sure that even the poorest consumers can afford to buy it. It can also ask certain firms to increase their production of scarce resources or to expand using more factors of production.
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The governments use to solve the problem of scarcity is by raising prices but they must make sure that even the poorest consumers can afford to buy it. It can also ask certain firms to increase their production of scarce resources or to expand using more factors of production.
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