Explore BrainMass
Share

Self-Sufficiency and Economic Systems

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

If a country is said to be self-sufficient, will it need an economic system? Explain. What are three economics problems caused by scarcity?

© BrainMass Inc. brainmass.com September 22, 2018, 10:46 pm ad1c9bdddf - https://brainmass.com/economics/macroeconomics/self-sufficiency-economic-systems-98265

Solution Preview

Yes, it will still need an economic system, because no system can completely eliminate all economic problems due ...

Solution Summary

Ramifications of scarcity are articulated and discussed in the solution.

$2.19