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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 ...

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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 ...

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The Economic Problem. (2007, July 23). Retrieved January 5, 2026, from http://www.essayworld.com/essays/The-Economic-Problem/68475

"The Economic Problem." Essayworld.com. Essayworld.com, 23 Jul. 2007. Web. 5 Jan. 2026. <http://www.essayworld.com/essays/The-Economic-Problem/68475>

"The Economic Problem." Essayworld.com. July 23, 2007. Accessed January 5, 2026. http://www.essayworld.com/essays/The-Economic-Problem/68475.

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PAPER DETAILS

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

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