Admin Table of Contents
- 1 What are the factors that could have affected the socio economic conditions of the community?
- 2 How would scarcity affect the factors of production?
- 3 What are the socio-economic problems?
- 4 How do you produce a problem?
- 5 Why is the problem of what to produce a problem?
- 6 Why are social problems referred to as public issues?
What are the factors that could have affected the socio economic conditions of the community?
Social and economic factors, such as income, education, employment, community safety, and social supports can significantly affect how well and how long we live. These factors affect our ability to make healthy choices, afford medical care and housing, manage stress, and more.
How would scarcity affect the factors of production?
The main factors of production are land, labor, and capital. Explain how scarcity affects the factors of production. With scarcity, a good or service will remain scarce. If there is an unlimited want or need of a resource, the scarcity will continue.
What are the basic problems of a society?
Answer: The four basic problems of an economy, which arise from the central problem of scarcity of resources are:
- What to produce?
- How to produce?
- For whom to produce?
- What provisions (if any) are to be made for economic growth?
Why is what produce a problem for every society?
In any society there are unlimited wants but resources are limited or resources are scarce. Due to this each society has to decide what they are to produce using these scarce resources. So each economy has to make choice by thinking what kind of products or what quantity is to be produced.
What are the socio-economic problems?
Socio-economic issues are factors that have negative influence on an individuals’ economic activity including: lack of education, cultural and religious discrimination, overpopulation, unemployment and corruption.
How do you produce a problem?
The problem of ‘how to produce’ is related to the production technique related to employ in the production of the decided goods and services. When it comes to production, there is a confusion between the employ labour-intensive technique and employ capital intensive technique.
Which is one of the major economic problems?
These major economic problems are what to produce, how to produce, for whom to produce and the efficiency of the resources used. WHAT TO PRODUCE: The problem of what to produce is one of the major problems facing any society.
How are social problems related to the structure of society?
Social problems arise from fundamental faults in the structure of a society and both reflect and reinforce inequalities based on social class, race, gender, and other dimensions. Successful solutions to social problems must involve far-reaching change in the structure of society. Symbolic interactionism.
Why is the problem of what to produce a problem?
WHAT TO PRODUCE: The problem of what to produce is one of the major problems facing any society. This is because human wants are unlimited and the resources available are limited. Consumer income: The producer must take into consideration the income of his target consumers in the society.
Public issues, whose source lies in the social structure and culture of a society, refer to social problems affecting many individuals. Problems in society thus help account for problems that individuals experience. Mills felt that many problems ordinarily considered private troubles are best understood as public issues, and he coined the term