asked 211k views
23 votes
1. What to produce?

2. How to produce?
3. For whom to produce?
What is the best title for the information in the box?
Please help!

asked
User Sjaak
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1 Answer

9 votes

Answer:

basic economic problem facing the society

Step-by-step explanation:

what to produce: this is the first problem determining what goods and services to produce and in what quality . the problem arises due to human wants are unlimited relative to the available resources

how to produce: this question of how to produce implies which methods of production or techniques to be employed

for whom to produce:in the society at Large,we have the rich and poor, old and young.the entrepreneur has the problem of whom to produce for

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User RFV
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