In: Economics
There is so many micro economic issues in the economy. There is rhe issues and problems of what ,how ,and for whom to produce the commodity . There is a scarcity a basic problem in economy . Every resources are limited but demands are limited. The common meaning of scarcity is unavailability of of commodity in the market.
So now the major economic issue currently being written by the news media. In our world approximately one third of the total population are living below the poverty line. So how we can provide commodities relating to basic needs. The scarcity of patroleum and oil. There is also the unavailability of fresh water. In India we can find in so many states (Rajasthan,and Maharashtra) basically in the small area. So these are challenges for the government how to provide water for drinking. Delhi is also the example of water scarcity. Government of Delhi provide the water after purification. So this is the one of them Micro economic issue