Explain the four basic economic questions: what to produce, how to produce, how much to produce and for whom.

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asked Jan 5, 2023 60.2k views

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Jin You · Answer 1 · 2023-01-10T20:47:33+0000

Answer:

what goods and services and how much of each to produce, (2) how to produce, (3) for whom to produce, and (4) who owns and controls the factors of production. In a capitalist economy, the first question is answered by consumers as they spend their money.

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Explain the four basic economic questions: what to produce, how to produce, how much to produce and for whom.

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