Question

Explain the central problem of for whom to produce choice of technique

Answer 1

Heya....

Economic resources are scare and have alternative uses ,,, So in every economy three economic problems arises...

"" What to produce..

"" How to produce...

"" Whom to produce...

--- Whom to produce....

It is the problem to select for whom society goods are to be produced...

For rich sector production increase the profits of the firms...

For poor sector production increase the social welfare....

This also depends on shares of income distribution among labour, investor, land owner and company owner...

-- Be Brainly....

Answer 2

Central problem of choice of technique refers to the problem of how to produce. Every society has to decide on how much of which of the resources to use in the production of each of the different goods and services. Whether to use more labour or more machines.Central problem of choice of technique refers to the problem of how to produce. Every society has to decide on how much of which of the resources to use in the production of each of the different goods and services. Whether to use more labour or more machines.