WHAT IS MEANT BY THE “ECONOMIC PROBLEM”?

What is meant by the “Economic Problem”?

• OMG Che’s Gone till May…❀ asked 2 years ago
Was originally asked on Yahoo Answers United States
Hi =)

I know it has to do with sacristy and operating and producing efficiently and such, but can you sum that up in more details please, so that I may understand it better.

Thank you so much =D
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• Harbans Lal answered 2 years ago

Before knowing what is economic problem, it is in a place to understand what is the scope of economic. When we think economic, it covers, goods and services, their marketability, supply and demand thereof, transportation of goods produced, infrastructural development, monetary policy, trade inside the country and abroad, barter system, industrial and agricultural production, etc. In other words, it covers everything under the sun which has got money as a unit.

When all the factors mentioned ibid are in consonance with economics of scale, then, we can construe that that economy is in best of health. On the other hand when there are some bottlenecks due to one reason or the other and that shortfall creates imbalance in the supply and demand or adversely affects the other factor(s) then that economy is deemed to face intractable problem and if not streamlined may have cascading affect thus resulting in Economic slow down or to borrow your term “Economic Problem”.
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Harbans

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Author: Harbans

GOD is very compassionate with us in every way, need is to use those blessings which are the results of His bounties and thank Him for everything that He gives us. We should also share these bounties with our fellow-beings. I am the person who loves God and His Creations. I love my Creator and not fear Him. My children are adjusted to life, incommensurate, to their Karma and destiny. I have served as a Sr CGO for about 38 years in a Central Govt. Presently I am serving as an Adm Offer with an Engineering College. I am a spiritual person with liberal ways of thinking. I respect all the religions as I respect mine since I understand that all the religions are the pathways to a SINGLE ENTITY - paths for connecting with Him may be different but the ULTIMATE SOURCE IS ONE. I want to be a student till last day of my life. I am a homeopath also, which I pursue as a social service only. Happy moments, I take as God's Gifts, sad ones I take as His Test for me. I believe that He will surely assist me in this Test of His, come what may. Really. I have more belief in Him than I am on my own. You can comprehend my philosophy in life from my write-ups which I write while interacting with them. I firmly believe that every person has the special characteristic which other fellows cannot have and I respect that person as such. With the grace of Almighty God, a book entitled INNER THOUGHTS which could be purchased online from http://flipkart.com. This book is based on the topics which have been penned down. That is why it is rightly said if intentions are good, everything goes well with you.

2 thoughts on “WHAT IS MEANT BY THE “ECONOMIC PROBLEM”?”

  1. The people of a country are the resource of a country. It is the cohesiveness with which they ought to accomplish the task of economic recovery if it is on the down trend. The natural resource though; industrial output and agriculature sectors are the most important ones by which a country’s economy hinges on.

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