Question

Discuss the central problems of an economy ?​

Answer 1

❤❤ HEY MATE HERE IS YOUR ANSWER:-

The basic economic activities of life are production, distribution and disposition of goods and services. A society will be facing scarcity of resources due the time of fulfillment of these activities.

As such scarcity is evident, due to the availability of limited resources, and human needs having no limit. Therefore this variation between the supply and demand leads to the formation of central problems of an economy.

The central problems of an economy evolve around these factors.

1. What to produce?
2. How to produce?
3. For whom to produce?

HOPE THIS HELPS YOU MATE AND PLEASE MARK ME AS BRAINLY ❤❤

Answer 2

Answer :-

The basic economic activities half life of production, distribution and disposition of goods and services A society will be facing scarcity of resources during the time of fulfillment of these activities.

As such scarcity is evident, due to the availability of limited resources, and human needs having no limits. Therefore, this variation between supply and demand leads to the formation of Central problems open economy.

The central problem of an economy revolves around these factors:-

1. What to produce?
2. How to produce?
3. For whom to produce?

Hope it helps you

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