Shortage is the fundamental economic problem of having virtually infinite human desires in a world of limited resources. He postulates that society has insufficient means of production and resources to meet the desires and needs of all human beings. One misconception about scarcity is that an item has to be important to be considered scarce. However, this is not true, since for something to be scarce it must be difficult to obtain, to produce, or both. In short, the cost of producing a good determines whether it is scarce or not. For example, although the air we breathe is more important than diamonds, it is cheaper to obtain precisely because it is abundant and has zero production cost. Diamonds, on the other hand, have a very high cost of production; they need to be found and stoned, and both processes cost dearly. In addition, the Scarcity Act implies that not all of society's goals and needs can be met at the same time; choices and decisions are necessary for one good to the detriment of others.
The resource must be finite to be scarce. The resource must be hard to obtain. Society must lack the capability of producing the resource for all the population. So, for a product to be scarce is has to be finite, costly to obtain or produce and there must be an interest in consuming those products.
-former slaves homeless
-no food
-homes and farms in reckage
Answer:
their government should try to at least provide them with shelter,food as well as providing some machines to do their farm work to release them from stress.
Answer:
Former homeless slaves:
Shelter these people in different tents, until they can get some work and a roof over their heads.
There is no food:
Provide food for the needy, either with food packs, until the reforms or the economy is stable so that they can work.
Homes and farms in the count:
To work on it in a few degrees, that is, to work on the houses and farms from little to little, for their growth and recovery. Because if you work on that approach, there can be economic instability
Explanation:
A few considerations might make stock issues more preferable than debt financing. One, is the credit of the operation. If a firm has less than stellar credit, than the terms for lending might not be favorable to the operation.
Stock might be preferable as well if a company thinks that they can buy back the stock in a shorter time period than the terms of a loan.
Finally, stocks might be preferable depending on the amount of money requested. Loans will have fixed terms while larger funds can be raised for stock.
Answer:
1. Likeness:
Likeness of members in a social group is the primary basis of their mutuality. May be in the beginning assumed or real common lineage, tribal affinity, family benefit or the compactness due to a common to time inculcated between and among the members in the group the feeling of likeness. Likeness means mutuality, and that means Society.
2. The Reciprocal Awareness:
Likeness is generative of reciprocity. Once some are aware of the mutual likeness, they, certainly differentiate against those who are not like them. The problem of likes and dislikes was concomitant to the social growth. Consciousness of this kind, alone could make sense of likeness. All social action is based on reciprocal response. This alone, makes possible, the we-feeling.
3. Differences:
Sense of likeness in not always sufficient. It alone is not adequate for social organisation. This does not exclude diversity or variation. The social structure of humanity is based on the family which rests upon the biological differences between the sexes, viz, men and women. The economic structure of society is based upon division of labour in which the professions and economic activities of people are different or dissimilar. The culture of society prospers with the differences in thoughts ideals, viewpoints, etc. No two individuals are alike in their nature.
4.Cooperation:
Cooperation is also another essential element to constitute society. Without cooperation, no society can exist. If the members of the society do not work together for the common purposes, they cannot lead a happy and comfortable life. Cooperation avoids mutual destructiveness and results in economy. In the words of P. Gisbert, “Cooperation is the most elementary process of social life without which society is impossible.”
Explanation:
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b. Spain and Greece.
c. Yemen and Persia.