ⓘ Category:Economic problems


Economic problem

The economic problem – sometimes called the basic or central economic problem – asserts that an economys finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity. However, viewing economics as the study of how society allocates resources can lead to conflation of normative economic planning and empirical study of how economic agents operate in these conditions. In mainstream neoclassical economics, it is assumed that humans pursue their self-interest, and that the market mechanism best satisf ...



Affluenza is a psychological malaise supposedly affecting wealthy young people. It is a portmanteau of affluence and influenza, and is used most commonly by critics of consumerism. It is not a medically recognized disease. It is thought to have been first used in 1954, but was popularised in 1997 with a PBS documentary of the same name and the subsequent book Affluenza: The All-Consuming Epidemic. These works define affluenza as "a painful, contagious, socially transmitted condition of overload, debt, anxiety, and waste resulting from the dogged pursuit of more". A more informal definition ...


Bank Transfer Day

Bank Transfer Day was a consumer activism initiative calling for a voluntary switch from commercial banks to not-for-profit credit unions by November 5, 2011. As of October 15, 2011, a Facebook page devoted to the effort had drawn more than 54.900 "likes". Debit card fees of a month from the Bank of America are among steps leading to the Bank Transfer Day protest with a November 5 deadline. Occupy Wall Street participants support the effort even though the events are not related. Among the detractors was Occupy Los Angeles, and Sigurd Olin Christian, creator of the event, stated that "he w ...


Deindustrialisation by country

Deindustrialisation refers to the process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially heavy industry or manufacturing industry. It is the opposite of industrialisation. Deindustrialisation has taken place in many nations over the years, as social changes and urbanisation have changed the financial demographics of the world. Phenomena such as the mechanisation of labour render industrial societies obsolete, and lead to the de-establishment of industrial communities.



De-industrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry. It is the opposite of industrialization. There are different interpretations of what de-industrialization is. Many associate de-industrialization of the United States with the mass closing of automaker plants in the now so-called "Rust Belt" between 1980 and 1990. The US Federal Reserve raised interest and exchange rates 1979 to 1984, which automatically caused import prices to f ...


Economic calculation problem

The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek. In his first article, Mises describes the nature of the price system under capitalism and describes how individual subjective values are translated into the objective information necessary for rational allocation of resources in society. He argues that economy planning necessarily leads ...


ⓘ Economic problems

  • State Standards Committee, and tried to solve some of the USSR s economic problems by reducing the effects of sectorial barriers set up by the ministries
  • Problems One of those views suggests that writers and organizers who define social problems in terms of social and economic democracy see problems
  • The American Economic Review is a monthly peer - reviewed academic journal published by the American Economic Association. First published in 1911, it is
  • Economic history is the academic study of economies or economic events of the past. Research is conducted using a combination of historical methods, statistical
  • unsolved problems puzzles, or questions in economics. Some of these are theoretical in origin and some of them concern the inability of orthodox economic theory
  • degradation Risk of a debt spiral due to decreased tax revenue among other economic problems oftentimes linked to IMF restructuring though the state government
  • Economic development, as a public sector term, is the process by which the economic well - being and quality of life of a nation, region or local community
  • Economic freedom, or economic liberty, is the ability of people of a society to take economic actions. This is a term used in economic and policy debates
  • land overuse became increasingly common. As a result of continuing economic problems Haiti could not escape being poorest country in the Western hemisphere
  • information on problems strategies, values, concepts of human development, and various intellectual resources. The Encyclopedia of World Problems and Human

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