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Category:	Business
Word Count:	425
Featured Papers from Direct Essays 1. Economics 2. Economics 3 3. Buddhist Economics 4. Economics 5. Economics 4

	economics
	1.) The Central Economic Problem The central economic problem is said to be that of scarcity. However plentiful economic resources or goods are, they are scarce if they are less than the potentially infinite demands made on them, and therefore a choice has to be made. The ways in which choices are made differ from market economies to planned and traditional economies, but the essential point is that resources have to be allocated between competing uses. Firms, individuals and governments

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economics