Economics :: essays research papers

The economic problem is simply the process of providing for the material well-being of society.(Heilbroner) In my have got words, I feel that the economic problem is simply that there atomic number 18 to many notes 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 extensive problem that eventually leads to unemployment. Also as technology improves we will no longer need people to do the job but machinery.Tradition is peculiar(prenominal) rules that have been adapted to society. This is simply being handed down the family production line. There are advantages and disadvantages to this. One advantage is that you are set in a business and really do not have to worry what you are going to do when you get older. But on the other hand there is a disadvantage, being handed down the family business, you are set in that business for basically life and and there is a lack of progress. And progress is the origin of recent goods and services. When dealing with command there is always going to be someone who is in charge, the one with all the power, the one who says you do this. Command 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 raise 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 impinge on place. I think that this basically means to spread the wealth so that