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1. What to produce? 2. How to produce? 3. For whom to produce?
the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
Societies answer the three economic questions based on their values!
All resources are scarce.
Life!,
Four institutions that are basic to all societies include family, government, economy, and religion. These institutions play crucial roles in shaping social behaviors, norms, and organization within a society.
Social institutions are patterns of beliefs and behavior centered on basic social needs. Essentially, different elements of societies. Examples include, schools, workplace, religious institutions, family, politics, and economy.
meeting the basic needs of all.
the basic difference between eastern and western institutions , is that eastern institutions worship the group while western institutions worship the individual
Art and technology is considered as basic institutions for all cultures because all cultures have grown bigger knowledge and as they grown the technology and art grown much more because scientist and geographers have study and learned more and more
What are the basic purposes of policing in democratic societies? How
G. J. Wylie has written: 'Australian scientific societies and professional associations' -- subject(s): Directories, Learned institutions and societies, Scientific societies
The five basic institutions are family, economy, religion, education, and economy.
Social institutions are not inherently problematic; however, in most societies social institutions maintain inequality in a number of different ways.
family
Michele Maylender has written: 'Storia delle accademie d'Italia' -- subject(s): Learned institutions and societies, History, organization, Societies