1-Explain the central problem of 'what to produce'
2-explain the central problem of 'choice of technique'
3-explain the central problem of'for whom to produce'
4-Discuss the concept of opportunity cost with an example.
(answer in 60 or 70 words)
que-How are central problems solved in different economies?
(answer in 100 words)
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Practicum in Human Services provides occupational specific training and focuses on the
development of:
• Consumer Services
• Early Childhood Development and Services
• Counseling and Mental Health Services
• Family and Community Services
• Personal Care Services
The importance of business economics can be applied to all Human Services Career Pathways.
The economic system involves:
• distribution of economic outputs
• financial institutions
• government policies
• households (earnings and expenditure consumption of goods and services in an economy)
• investments
• land availability
• production
• the allocation of economic inputs
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