What is the basic problem of economics?
611530
Limited resources and Unlimited wants.
110688
This is the book we were assigned in my college global economics class:\n\nGlobal Political Economy, by Robert Gilpin:\n\nhttp://www.amazon.com/gp/product/069108677X/qid=1139437448/sr=2-1/ref=pd_bbs_b_2_1/103-4364480-8798247?s=books&v=glance&n=283155
516893
Fundamentals of Mathematical Economics -- Chang
103334
The study of economics is the study of how money moves through a society.  They study how companies pay their employees, how the employees spend their earnings (i.e., give their money to other companies), what those companies receiving their money do with it, and what the government does with the taxes and tariffs it receives from the workers, the companies, and companies from other societies.  They study the impact of certain laws and regulations on businesses and their employees and customers.  They study the effect of export and import on the government and the business within the society.  Essentially, as my colleagues have told you, they study money.
527498
Hi,\nFresh ideas keep the world of economics from stagnating. No one likes to get stuck in a rut and when a new idea or method is proposed, the old ones must adapt to keep up with improvments or, get left behind.
436922
the economy\nincome\ndebt\na lot of stuff\nsorry thats all i can offer with such a vague question
110271
. more expenses than profit\n. debts\n. lack of capital\n. inadequate supply\n. competitors\n. market demands versus supply\n. taxes\n. wages\n. incompetent employees\n\n\nthese are the basic common problems of entrepreneur
798357
Formula for what?\nIn other words what is the subject or what is the problem?\nbelow are a few possibilities.
998241
Economics (from the Greek οἶκος [oikos], 'family, household, estate', and νόμος [nomos], 'custom, law', hence "household management" and "management of the state") is a social science that typically studies the production, distribution, and consumption of goods and services. Since the early part of the 20th century, economics has focused largely on measurable variables, and employed both theoretical models and empirical analysis[1]. Economic logic is increasingly applied to any problem determining economic value (such as politics, religion, psychology, history and social interaction). A professional working in economics or having an academic degree in the subject is an economist.\n\nHealth economics is a branch of economics concerned with issues related to scarcity in the health markets.\n\nThe five health markets typically analyzed are:\n-Healthcare Financing market \n-Physician services market \n-Institutional services market \n-Input factors market \n-Professional education market \n\nTopics related to various aspects of health economics include the meaning and measurement of health status, the production of health and health care, the demand for health and health services, health economic evaluation, health insurance, the analysis of health care markets, health care financing, and hospital economics.
70623
It's all about supply and demand\n\nhttp://en.wikipedia.org/wiki/Supply_and_demand
655009
Studying Economics.  Love the subject.  But there are always a few professors that are annoying in any subject.
986283
I'm not going to do you're homework for you and I suggest that if you can't answer this you may want to consider dropping your econ class or getting some special help.  In most cases Marginal Cost = Supply for a given firm.  You're market clearing point will be Supply = Demand (for a competitive firm).  You can use that information to solve the rest.
1007823
If you're really interested in economics, perhaps you're looking in the wrong place for an education. Try out the Mises Institute - http://www.Mises.org.\n\nIn addition, here are a few basic economics books that are an easy read:\n\n"Economics in One Lesson" by Henry Hazlitt\n"Economics For Real People" by Gene Callahan
13626
In economics, purchasing power refers to the amount of goods and services a given amount of money — or, more generally, liquid assets — can buy.
56670
The price of an item is determined mostly by who and how many want to buy it, and how many are able to buy it. (Basic Supply and Demand) By raising minimum wage we make more people able to buy, and more people willing to spend, which in turn raises prices and causes inflation.
997331
It goes beyond that - some of the basic principals upon which our economic system are very very flawed.  For more information read this book by Robert A. Heinlein.  While it is set as a novel, it is more a combination of essays about our antiquated, pre-technology social system.  He has a detailed appendix with provable examples of the problem with our economics system - it is fascinating.
1063249
Most principal economic reforms usually revolve around economic liberalism.  Economic liberalism is predicated on the principles of private property and individual contracts. The early theory was based on the assumption that the economic actions of individuals are largely based on self-interest, and that allowing them to do so without any restrictions will produce the best results, provided that at least minimum standards of public information and justice exist, e.g., no-one should be allowed to coerce or steal.\n\nThis implies that the privileges and restrictions should be abolished and everybody should have the freedom to choose a profession, sell and buy, make contracts etc. as long as all participants are voluntary. Every restriction reduces the set of alternatives and thus often forces people to choose less beneficial alternatives.\n\nThe key advantages of economic liberalism is individual freedom and efficient markets.  The key disadvantage is marshalling resources to a common national purpose can be more challenging.