Question

What are the three questions of economics?

Answer 1

What to produce? ➢ What should be produced in a world with limited resources? ...

How to produce? ➢ What resources should be used? ...

Who consumes what is produced? ➢ Who acquires the product

Step-by-step explanation:

Answer 2

Three basic questions of economics are the following:
1. What do produce? - the goods that will be produced have to sell, otherwise, no income is gained
2. How to produce it? - the manner in which these goods are produced is equally important
3. For whom should it be produced? - who is your target audience?