Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
The Economic Problem - Online Term Paper

The Economic Problem

is simply the process of providing for the
material well-being of society.(Heilbroner) In my own words, I feel that
is simply that there are to many jobs and to many
people that are not qualified for the “right” job that they can perform.
This then leads to people who do not have the “right” job for them to not
work, because they feel that that is not the job for them. This could be
a huge problem that eventually leads to unemployment. Also as technology
improves we will no longer need people to do the job but machinery.

Tradition is particular rules that have been adapted to society.
This is simply being handed down the family business. There are
advantages and disadvantages to ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

and slavery are tied together. Central authority can help
economic progress. Markets are systems that allows individuals to make
their own decisions.

There are two dimensions of production and distribution. One being,
to organize a system to assure the production of enough goods and services
for its own survival. According to Robinson Cruso this means to be able
to live are your own. By doing everything by yourself as opposed to a
society working together. And the second dimension being, to arrange the
distribution of the fruits of its production so that more production can
take place. I think that this basically means to spread the wealth so that
many people can get a chance a what they are good at rather then what they
are put to do not by choice.

There are ways in which to solve the economic problem, by giving
people fair opportunities to do the job they are good at rather then what
they are not. But then this takes us back to the problem that there is
simply to ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

CITE THIS PAGE:

APA
MLA
Chicago
Turabian

The Economic Problem. (2007, July 23). Retrieved April 18, 2024, from http://www.essayworld.com/essays/The-Economic-Problem/68475

"The Economic Problem." Essayworld.com. Essayworld.com, 23 Jul. 2007. Web. 18 Apr. 2024. <http://www.essayworld.com/essays/The-Economic-Problem/68475>

"The Economic Problem." Essayworld.com. July 23, 2007. Accessed April 18, 2024. http://www.essayworld.com/essays/The-Economic-Problem/68475.

JOIN NOW

Join today and get instant access to this and 50,000+ other essays

PAPER DETAILS

Added: 7/23/2007 11:34:46 PM
Category: Economics
Type: Premium Paper
Words: 404
Pages: 2

Save |

Report

SHARE THIS PAPER

SAVED ESSAYS

Save and find your favorite essays easier