Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 17, Problem 1E
To determine
Determine Basic human need. List additional needs besides those considered in the chapter
Expert Solution & Answer
Explanation of Solution
Apart from the mentioned basic needs availability of clean water is an important factor to be included in basic needs. Increase in pollution level has made it difficult for human to accessibility of clean water. The ratio of contaminated water has increased lately. Other than clean water police protection is also needed to be added in basic needs. An individual cannot survive if he/she is given police protection from unlawful activities happening within the community.
Economics Concept Introduction
Concept Introduction:
The basic human need that is necessary to survive is food, shelter and clothes. The basic need approaches is one important approach to measure the absolute poverty in developing countries.
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For this discussion, think about where you work or a business you have a significant amount of knowledge about. What is a common
product that the business sells? What are the main costs the business has to incur in order to be able to sell that product? Which of these
costs are fixed and which are variable? How much additional costs would be incurred if it were to sell one additional unit of that product
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• what are all the key policies or all the strategies the Philippine government should prioritize to accelerate sustainable economic growth?
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