Economy, asked by Anonymous, 6 months ago

Explain the centarl problems of
'what to produce'.
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Answers

Answered by bhartigupta534
3

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As there is the problem of choice, the economy has to decide which goods and services are to be produced. When an economy has taken a decision as to what goods or services to be produced, then it has to be about its quantity. ...

Answered by Anonymous
1

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As there is the problem of choice, the economy has to decide which goods and services are to be produced. For example, which of the consumer goods such as wheat, rice, cloth are to be produced and which of the capital goods such as machines and tools are to be produced.

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