Irritable means easy to irritate or bother.. If you have irritable skin, you get a rash from just about anything. An irritable person is not easy-going and often not very easy to be around. You might feel like you're walking on eggshells, or being extra careful not to upset your brother when he's in an irritable mood.
That being so, an economy has to decide how to use its scarce resources to give the maximum possible satisfaction to the members of the society. In doing so, an economy has to solve some basic problems called Central Problems of an economy, which are: (i) WHAT to Produce. (ii) HOW to Produce. (iii) FOR WHOM to Produce. Whatever the type of the economy or economic system, these problems have to be solved somehow. Whether it is a capitalist economy of the U.S.A. or a socialist economy of the U.S.S.R. or a mixed economy of India, every economy has to make decisions in regard to what, how and for whom to produce.
If communism somehow provides infinite resources and eliminates the concept of âscarcityâ then it may very well work. A third economic problem with Marxism is the doing away with âspecializationsâ, which are generally recognized as drastically increasing the efficiency, in a communist society.