Scarcity, Shortage, Production, Distribution

Front

These are two related problems that are important to analyze and solve in the context of economic issues.

Back

production and distribution

Front

This is the condition where resources are limited while the needs and wants of people are unlimited.

Back

scarcity

Front

This is achieved by deciding on what to produce and the quantity that will be produced.

Back

sufficient supply

Front

This can be done after determining who will be given priority in the consumption of products.

Back

distribution of goods and services

Front

These are two conflicting conditions that are central to economic studies.

Back

scarce resources and unlimited needs and wants

Front

This is a group of businessmen who manipulates and controls the distribution, consumption, and pricing of a certain product, often through hoarding.

Back

cartel

Front

This involves using more labor forces in the production of goods, ensuring that human resources are utilized effectively.

Back

labor-intensive technique

Front

This is the temporary lack of supply of goods due to negative strategies by some individuals, which can be resolved quickly.

Back

shortage

Front

This involves using more machinery in the production of goods, thereby utilizing the physical resources of the economy.

Back

capital intensive technique

Front

This is a universal condition that exists in every country and is the reason why we need to optimize the use of and maximize benefits from our resources.

Back

scarcity