Syria, Turkey, Israel, Saudi Arabia, United Arad Emirates, Egypt, Iraq, Lebanon, Yemen, Qatar, State of Palestine, Jordan, Oman, Kuwait, Bahrain, Cyprus.
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.
Learn more about economizing problem here:
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Explanation:
so inflations refers to the rise in the prices of goods and services which of daily, including goods and services such as clothings, transport and all those.
people who earn an average and depend entirely on savings will suffer, even subsistence farmers and mainly everyone, but mostly are people who depend entirely on savings, as prices rise, spending rises, reducing savings.
