Economy, asked by jmhugo58, 7 months ago

all societies are faced with question about goods and services

Answers

Answered by shamir7
3

Answer:

yes, all societies are faced with question about goods and services this are the Central problems of an economy. every society has to face scarcity of resources and that gives rise to the problem of choice. and every society has to decide on how to use its scarce resources.

Thus, the Central problems of an economy are

What is produced and in what quantities

How are these goods produced

For whom are these goods produced ( consumer or people)

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