economic problems universal in nature
TRANSCRIPT
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ECONOMICS PROBLEM– UNIVERSAL IN NATURE
FY-BBIPRESENTED BY-
MEENAKSHI MAYUR GAYATRI LOKESH SRUSHTI AMUL SANIKA ANUJ
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WHAT IS AN ECONOMIC PROBLEMS
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- It is an fundamental theoretical principles ……..
- Also called through different names ……..
- Mainly arises due to …….- It can be simply explained by the
questions like ……..
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NEEDS AND WANTS- Needs are material items people needed for
survival……..- Wants are desires for a particular product…- They are divided into indivual wants
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WHAT ARE ECONOMIC
PROBLEMS
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Population Inflation Scarcity Opportunity cost Poverty Monopoly Unemployment Recession Corruption Income deficit Social inequatility Allocation of resources Financial crisis Economic efficiency
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POPULATION Population is summation of all the
organisms of the same group or same species .
There are 2 different definitions in Ecology and Sociology
In Ecology- the population is a number of species in a certain area .
In sociology- population refers to a collection of humans.
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INFLATION In economics inflation is an increase in
the general price level of goods and services in an economy over a period of time .
It affects an economy in both ways positive and negative .
The opposite of inflation is deflation.
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SCARCITY & OPPORTUNITY COST
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POVERTY It is deprivation of basic human needs . It is a concept which includes sociol ,
economic & political elements . It seems to be continuous or temporary. Its is closely related to inequality.
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MONOPOLY- Monopoly is single seller and large number of
buyers .- Monopolies are characterized by black of
economic competition.- It refers to the process by which a company
gains the ability to raise the prices or exclude competitors .
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UnemploymentIncome deficitSocial inequality Allocation of resourcesFinancial crises
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HOW TO CONTROL
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A national target . Make high quality childcare available
to all. Tackle the extra payments . Create good jobs around the country. Transform jobs into careers with
better training Fairer taxes .
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CONCLUSION
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