asked 199k views
1 vote
What economic problem do

both individuals and countries
face?
Plz I need it in 5 min

asked
User Xtiger
by
8.5k points

1 Answer

7 votes

Well, there are a lot of differences when it comes to individuals and countries. Individuals deal with economics based on microeconomics, and countries deal with it on the base of macroeconomics (the big picture).

However, they both must deal with things like:

  • Inflation
  • External costs
  • Acquiring/providing public goods
  • Dealing with economic welfare
  • Utilities
  • Living standards
  • Trading and interacting with neighbors (locally or internationally)
  • Improving the environment
answered
User YoshiMbele
by
8.1k points

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