Economic problem
From Mises Wiki, the global repository of classical-liberal thought
The economic problem lies in how to employ the available means in such a way that no want more urgently felt should remain unsatisfied because the means suitable for its attainment were employed for the attainment of a want less urgently felt, i.e., wasted.[1]
See also: Scarcity
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-07-04.
