Your next-door neighbors want to go on a European vacation but cannot afford it. so they decide to visit a local amusement park instead. this is an example of the economizing problem.
<h3>What's a profitable problem?</h3>
- Profitable systems as a type of social system must defy and break the three abecedarian profitable problems.
- What kinds and amounts of goods shall be produced," how important and which of indispensable goods and services shall be produced?"
- How shall goods be produced?. by whom and with what coffers( using what technology).?"
- For whom are the goods or services produced? Who benefits? Samuelson reworded this question as" how is the aggregate of the public product to be distributed among different individualities and families?
<h3>Why is the scrimping problem important?</h3>
- All societies face the profitable problem, which is the problem of how to make the stylish use of limited, or scarce, coffers.
- The profitable problem exists because, although the requirements and wants of people are endless, the coffers available to satisfy requirements and wants are limited.
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Work, for example is the subject of an entire branch of psychology. psychological, behavioural, emotional, and social factors.
Welfare means well-being and with a minimum support.
General welfare is the concept that all people should have some basic quality of life (home, food, security).
In order to ensure this, there is often a "general welfare"clause in the constitution (US has it, but other countries too).
