1. what is
2. how to eliminate it
Todays economy has got a lot of problems. They must be solved or eliminated , so that the economy could work streamlinely. Because the quantity of needed tools or services is still higher and higher , the biggest problem of the world-economy is a scarcity of factors of production ( they are limited ). Limited are for example : land , work , time , wood , … .
But this problem we can not eliminate . It is because there is still the same quantity of theese things in the earth. But do not worry , there are some possibilities how to solve this problem. One of them is improving of the technology. If the technology is higher , we can better use limited factors of production. For example: in the past , we needed for producing of something 500 quadratmeters of the land. And today with better technology we need for the same thing only 200 quadratmeters. …
I think that improwing of the technology is the only way how to hold out with the same factors of production in the future , when the quantity of needed tools or services will be higher