what is tge basic economic problem faced by tge economies
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The basic economic problem is the scarcity of resources. People want more than can be met with their available resources. The human needs are unlimited because they grow and envolve while the means of fulfilling the needs (financial assets)are limited (stiglitz 1992:48).
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The basic economic problem is the scarcity of resources. People want more than can be met with their available resources. The human needs are unlimited because they grow and envolve while the means of fulfilling the needs (financial assets)are limited (stiglitz 1992:48).
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The advantage of a negative income tax are easy to describe. Such a tax typically gives positive work incentives to even the poorest person
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