Question

Explain the central problem of how to produce with example

Answer 1

Explanation:

The central problem of how to produce:-

1) The central problem of how to produce is depend on the technique which is going to be use during production.

1. 1) There are two type of methods or techniques :
2. ) labour intensive and capital intensive.
3. Where more employement required the labour intensive technique is use and for the developed countries the capital intensive method is used