Economy, asked by moses562, 1 year ago

Explain the central problem"what to produce"
"How to produce"
"For whom to produce"?​

Answers

Answered by TRISHNADEVI
12

 \red{ \huge{ \underline{ \overline{ \mid{ \bold{ \purple{ \:  \: ANSWER \:  \:  \red{ \mid}}}}}}}}

 \underline {\bf{ \sf{ \:The \:  \: central \:  \: economic \:  \: problems \:  \: of \:  \: an \:  \:}}} \\   \underline{ \:  \: \bf{ \sf{ economy \:  \:  \: are \:  : \to }}}

 \huge{ \blue{ \underline{ \underline{ \pink{ \bf{ \:  \:What \:  \:  \: to \:  \:  \: produce \:   :  \to}}}}}}

 \rm{This \:  \:  \: problem \:  \:  \: involves \:  \:  \: selection \:  \:  \: of} \\  \rm{goods \:  \:  \: and \:  \:  \: services \:  \:  \: to \:  \:  \: be \:  \:  \: produce} \\  \rm{and \:  \:  \: the \:  \:  \: quantity \:  \:  \: to \:  \:  \:be \:  \:  \: produced } \\  \rm{of \:  \:  \: each \:  \: \:  selected\:  \: \: commodity. \:  Every} \\  \rm{economy \:  \:  \: has \:  \:  \: limited \:  \:  \: resources \:  \:  \: and \:  \:  \:} \\  \rm{ thus \:  \:  \: cannot \:  \:  \: produce \:  \:  \: all \:  \:  \: the \:  \:  \: goods.} \\  \rm{More \:  \:  \: of \:  \:  \: one \:  \:  \: good \:  \:  \: or \:  \:  \: service \:  \:  \: usually} \\  \rm{means \:  \:  \: less \:  \:  \: of \:  \:  \: others.} \:

 \huge{ \blue{ \underline{ \underline{ \pink{ \bf{ \:  \:How \:  \:  \: to \:  \:  \: produce \:   :  \to}}}}}}

 \rm{This \:  \:  \: problem \:  \:  \: refers \:  \:  \: to \:  \:  \: selection \:  \:  \: of \:  \:  \:} \\  \rm{ techniques \:  \:  \: to \:  \:  \: be \:  \:  \: used \:  \:  \: for \:  \:  \: production} \\  \rm{of \:  \:  \: goods \:  \:  \: and \:  \:  \: services. \: A\:  \:  \: good \:  \:  \: can \:  \:  \: } \\  \rm{be \:  \:  \: produced \:  \:  \: using \:  \:  \: different \:  \:  \: techniques} \\  \rm{of \:  \:  \: production. \: By \:  \:  \: techniques \:  \:  \: we \:  \:  \: mean \:  \: } \\  \rm{ which \:  \:  \: particular \:  \:  \: combination \:  \:  \: of \:  \:  \: inputs} \\  \rm{to \:  \:  \: be \:  \:  \: used.} \:

 \huge{ \blue{ \underline{ \underline{ \pink{ \bf{ \:  \:For \:  \:whom \:  \: to \:  \: produce \:   :  \to}}}}}}

 \rm{This \:  \:  \: problem \:  \:  \: refers \:  \:  \: to \:  \:  \: selection \:  \:  \: of \:  \: }  \\ \rm{ the \:  \:  \: category \:  \:  \: of \:  \:  \: people \:  \:  \: who \:  \:  \: will} \\ \rm{ultimately \:  \:  \: cosume \:  \:  \: the \:  \:  \: goods \:  \: i.e \:  \: } \\  \rm{whether \:  \:  \: to \:  \:  \: produce \: \:   \: goods \:  \:  \: for \:  \:  \: more}  \\  \rm{poor \:  \:  \: less \:  \:  \: rich \:  \:  \: or \:  \:  \: more \:  \:  \: rich \:  \:  \: less \:  \:  \: poor.} \:

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