Talk:Economic problem

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This needs to be "stubised" and the english cleared up, also it could do with renaming! --JDnCoke 17:15, 25 September 2005 (UTC) - Done

The article says:

There are four reasons why wants and needs may exceed production possibilities:

  1. Goods eventually wear out and need to be replaced.
  2. New or improved products become available.
  3. People get fed up with what they already own.
  4. As wages increase, demand increases."

None of these seem appropriate here. 1) and 2) merely restate that people want things, and that wanting things is why they have to be produced. 3) does the same but with a slightly disparaging inference. 4) is pure tautology, either wages increase (absolute) which cannot lead to a demand increase, or wages increase (real) which is neccesarily the case with demand increase as they are equal and opposite sides of the same thing. The second section on finite resources and commodities said too little to be of any use. Re-wrote article to give more concise definition and added the stub tag.