Daffodil International University

Faculties and Departments => Business Administration => Business & Entrepreneurship => BBA Discussion Forum => Topic started by: Md. Alamgir Hossan on March 25, 2017, 10:30:38 AM

Title: Three Basic Economic Problems
Post by: Md. Alamgir Hossan on March 25, 2017, 10:30:38 AM

All modern economies have certain fundamental or basic economic problems to deal with. In every single economy, including the so-called “affluent society”, resources are limited. As a result, decisions regarding the resource use have to be made together by individuals, by business corporations, and by society. It is the social choice and community preferences which give substance to the question of macro-economic decisions.